Nvidia's (NASDAQ: NVDA) stock surged 14% on Feb. 23 after its latest earnings report. In the fourth quarter of fiscal 2023, which ended on Jan. 29, the chipmaker's revenue dropped 21% year over year to $6.05 billion but cleared analysts' expectations by $30 million. Its adjusted earnings per share (EPS) fell 33% to $0.88 but also topped the consensus forecast by $0.08.

For the full year, Nvidia's revenue stayed nearly flat at $26.97 billion as its adjusted EPS declined 25%. That represented a significant slowdown from its 61% revenue growth and 78% adjusted EPS growth in fiscal 2022.

Image source: Nvidia.

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Source Fool.com