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Highlights
- NVIDIA Corporation (NASDAQ: NVDA, NVDA: US) and DoorDash Inc (NYSE:NVDA, NVDA:US) have been trending high on the stock markets following the release of their latest earnings on Wednesday, February 16.
- Nvidia saw its stocks slip in the red zone in the after-market hours after it posted its Q4 FY2022 results.
- DoorDash stocks, on the other hand, surged by nearly 29 per cent.
NVIDIA Corporation (NASDAQ: NVDA, NVDA: US) and DoorDash Inc (NYSE:NVDA, NVDA:US) have been trending high on the stock markets.
The spike, as it turns out, came following the release of their latest earnings on Wednesday, February 16.
Let’s see what the companies noted in their Q4 reports.
Also read: Shopify (SHOP) stock is plummeting despite 41% Q4 revenue growth. Why?
NVIDIA Corporation (NASDAQ: NVDA, NVDA: US)
Santa Clara-based microchip company NVIDIA saw its top line stand at US$ 7.64 billion, up 53 per cent year-over-year (YoY), in the fourth quarter of fiscal 2022.
NVIDIA’s Q4 net income surged by 106 per cent YoY to approximately US$ 3 billion in the latest earnings.
The graphics semiconductor chip company also announced that it will dole out a quarterly dividend of US$ 0.04 apiece on March 24.
The chip stock grew by over 88 per cent in nine months. However, Nvidia saw its stocks slip in the red zone in the after-market hours on Wednesday after it posted its Q4 FY2022 results.
DoorDash Inc (NYSE: NVDA, NVDA: US)
San Francisco-based online food aggregator DoorDash recorded a revenue of US$ 970 million in Q4 FY2021, which was down from US$ 1.3 billion a year ago.
DoorDash also reported US$ 312 million in net loss in the latest quarter, reflecting a significant slump from a loss of US$ 155 in the previous-year quarter.
On Wednesday, DoorDash stocks surged by nearly 29 per cent in the post-market hours.
Bottomline
While exploring Nvidia, investors should ideally track the changes taking place in the global semiconductor chip market to make informed investment decisions, as they could affect Nvidia’s business.
Also, investors should be alert about any change in COVID-related restrictions as they could majorly turn things around for a business like DoorDash.
Also read: Is Virgin Galactic (SPCE) a cheap space stock to buy?
