Nvidia's fourth-quarter revenue was $22.1 billion, up 265% year-over-year
The latest earnings report also relieved the capital market.
On February 21, local time, Nvidia released its financial report for the fourth quarter of fiscal year 2024 as of January 28, 2024. During the period, its revenue was US$22.1 billion, up 22% sequentially and 265% year-on-year; Net profit was US$12.3 billion, up 33% sequentially and 769% year-on-year, with revenue and net profit exceeding market expectations. Nvidia's full-year revenue hit an all-time high of $60.9 billion, up 126% year-over-year. Among them, the quarterly revenue of data centers reached a record of $18.4 billion, an increase of 27% quarter-on-quarter and 409% year-on-year; Quarterly revenue of $2.9 billion in games was flat sequentially and up 56% year-over-year. Professional visualization quarterly income 4$6.3 billion, up 11% sequentially and 105% year-on-year; Automotive business revenue 2$8.1 billion, up 8% sequentially and down 4% year-on-year. The day before the earnings release, Nvidia's stock price fell more than 6% intraday to $695 per share due to a lack of market confidence. After the earnings report, Nvidia's stock price quickly strengthened after hours, rising more than 8% to $732 per share as of 8:00 a.m. Beijing time on February 22.
A number of sovereigns in the Middle East and China** are considering investing in McDonald's China
On February 21, according to **, citing sources familiar with the matter, a number of sovereigns in the Middle East and China, including the UAE Mubadala Investment Company, Qatar Investment Authority and CIC, are considering jointly investing in McDonald's China business as minority shareholders. According to people familiar with the matter, the current negotiations are progressing slowly, and it may take one to two months to reach a potential agreement, and valuation is the key point in the negotiations. China is McDonald's second-largest market, with a target of 10,000 restaurants expected by 2028. At present, CITIC Group's Xinchen Capital holds 52% of McDonald's China's shares, and McDonald's Global holds the remaining 48%. Recently, CITIC Group has been trying a variety of investment options to seek McDonald's China, such as transferring its stake to a new investment company.
Walmart's e-commerce sales in the fourth fiscal quarter rose 23% year-on-year, and it will also acquire Vizio, a major TV manufacturerOn February 20, Walmart released its results for the fourth quarter and full year of fiscal 2024 ended January 31, 2024. In fiscal year 2024, revenue and net profit both increased, with revenue increasing by 6% year-on-year, and net profit attributable to the parent company increasing by 32% year-on-year8%。Among them, the total revenue in the fourth fiscal quarter was higher than market expectations, with a year-on-year increase of 57%。Affected by the increase in holiday shopping demand during the quarter, its global e-commerce business sales increased by 23% year-on-year, and its annual revenue exceeded US$100 billion. At the same time, Sam's Club revenue grew 10% year-over-year for the full quarter, with a record total number of members and penetration. On the same day, Walmart also announced that it would acquire smart TV maker Vizio for a total price of $2.3 billion, thereby accelerating the development of the "Walmart Connect" advertising platform. Vizio currently has more than 500 direct advertiser partners and its SmartCast system has more than 18 million active accounts.
It was almost acquired by LeEco.
Haidilao expects a net profit of no less than 4.4 billion yuan in 2023On February 20, Haidilao International Holdings*** issued a positive profit forecast, which is also the first annual performance forecast issued by Haidilao after the spin-off and listing of its overseas business. According to the forecast, Haidilao's revenue from continuing operations in 2023 is expected to be no less than 41.4 billion yuan, an increase of no less than 33 percent year-on-year3%；Compared to 16 in 2022With a net profit of 400 million yuan (excluding Tehai International Business), Haidilao's net profit in 2023 will not be less than 4.4 billion yuan, and its revenue and net profit in 2023 have exceeded the pre-epidemic level. Haidilao said that the revenue growth was mainly due to the lifting of epidemic-related control measures and economic recovery, the increase in customer traffic of Haidilao restaurants and the improvement of business performance; The significant increase in net profit was due to the increase in turnover rate and the improvement in operational efficiency.
The catering industry is picking up.
Fubo TV sued Fox, Disney, and Warner Bros
According to ** reports, TV streaming service company Fubo TV filed an antitrust lawsuit in the U.S. District Court for the Southern District of New York on February 20 local time, aiming to stop the joint venture between Fox, Warner Bros. and Disney, the parent company of ESPN. The lawsuit states that if the three companies are united, Fubo TV will not be able to broadcast those sports channels that are incorporated into the three companies' new services. ESPN, Fox and Warner Bros. Discovery Channel plan to join forces to form a new company later this year and use their respective sports rights to launch a new sports streaming** service.
Meta and Microsoft are lobbying the European Union to reject Apple's App Store opening planApple is under fire from Meta and Microsoft, which are lobbying EU regulators to reject plans to open Apple's App Store, according to Feb. 21. Under pressure from EU regulators, Apple said in January that it would allow other developers to launch third-party app stores on the iOS platform. However, Apple has also introduced another fee policy, which may lead to a further increase in its actual commission for developers. As a result, the new terms of the Apple App Store have been criticized by many as "malicious compliance". In response to Meta and Microsoft's objections, the EU said it was considering "taking strong action" if it deemed Apple's approach unacceptable, and possibly even eventually resorting to law.
Huawei surpassed Apple for the first time to become the first domestic tablet shipment in a single quarter
According to the latest China tablet report released by IDC, in the fourth quarter of 2023, China's tablet market shipped about 8.17 million units, a year-on-year decrease of about 57%。Among them, it is worth noting that Huawei surpassed Apple for the first time to become the first in China's tablet market in terms of shipments, with a market share of 308% and 30 for Apple5%。This is the first time since 2010 that China's quarterly tablet shipment champion has been replaced. However, for the whole of 2023, Apple is still at 33A 5% market share leads to shipments, compared to Huawei's 265%, ranking second, Xiaomi, Honor, and Lenovo ranked third to fifth. Market analysis believes that the decline in Apple's iPad shipments in the fourth quarter is directly related to the lack of new products last year.
Surpassed for the first time in 14 years.
The investigation report on the collapse of the Qiqihar Stadium was released, and 51 people were held accountable
On February 21, the Heilongjiang Provincial Emergency Management Department released the investigation report on the collapse of the Qiqihar Gymnasium, which showed that this was a major production safety liability accident due to illegal repair and construction, illegal stacking of perlite and perlite stacking, resulting in rainwater retention, resulting in a significant increase in the load on the roof of the gymnasium, exceeding the bearing limit, and causing an instantaneous collapse. In this accident, except for 2 responsible persons who have died of illness, it is recommended that they not be held responsible, and 51 relevant responsible persons have been held accountable. At about 14:52 on July 23, 2023, the roof of the gymnasium of Qiqihar No. 34 Middle School, located in Longsha District, Qiqihar City, Heilongjiang Province, collapsed, resulting in 11 deaths, 7 injuries, and direct economic losses of 125410,000 yuan.