However, Nvidia's first-quarter guidance indicates that it could clock a much faster pace of growth this year and beyond. The chipmaker's full-year revenue is expected to increase 29%, as per analysts' estimates, while earnings are expected to jump 26%. It has guided for $8.1 billion in revenue for the ongoing quarter, an increase of 43% over the prior year. Nvidia's guidance for the first quarter of fiscal 2023 suggests that the company won't be taking its foot off the gas. Its adjusted net income shot up 79% to $11.2 billion, or $4.44 per share. The company finished the fiscal year with $26.9 billion in revenue, an increase of 61% over the prior year. 16 make it clear that its growth isn't slowing down. Nvidia stock may have taken a beating over the past three months, but the company's fiscal 2022 results that were released on Feb. But can the tech giant regain its mojo and become a trillion-dollar company by 2025? Let's find out. So, Nvidia isn't as close to the trillion-dollar market cap milestone as it was three months ago.
The stock market correction has weighed heavily on shares of Nvidia, bringing the company's market cap down to $531 billion as of this writing from just over $800 billion in December 2021.
The last three months have been terrible for Nvidia ( NVDA 2.82%) investors as the graphics cards specialist has shed nearly 23% of its market capitalization despite reporting solid quarterly results last month.
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