Nvidia touts deep learning success in Q4 earnings win

Graphics chipmaker Nvidia handily beat fourth quarter earnings targets Wednesday thanks to strong customer interest in its deep learning technology. The company reported a net income of $297 million, or 35 cents per share (statement). More Tech Earnings Non-GAAP earnings were 52 cents per share on a revenue of $1.4 billion, up 12 percent year-over-year. Wall Street was looking for earnings of 32 cents per share with $1.31 billion in revenue. For the year, Nvidia brought in $5.01 billion in revenue, a 7 percent increase from fiscal 2015, with earnings of $1.67 per share. Once again touting the company’s “record results”, CEO Jen-Hsun Huang stressed Nvidia’s progress in building specialized visual computing platforms for large growth markets. “NVIDIA is at the center of four exciting growth opportunities — PC gaming,…

Link to Full Article: Nvidia touts deep learning success in Q4 earnings win

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