Peter Smith
Nvidia (NVDA) closed out its fiscal year with total revenues of $215.938 billion, up 65% year-over-year, driven by explosive growth across its core segments. The company's AI business alone expanded roughly 90%, while its automotive division grew around 32%, backed by a growing list of industry partnerships. Shares responded by climbing toward a key resistance zone near $197, with NVDA recently trading around $195.56 - a solid recovery from support in the mid-$170s. For more on the technical setup, see NVDA Stock Targets $200 After Technical Rebound.
A one-time charge of $4.5 billion weighed on reported gross margin, pulling it to 71% for the period. Strip out that non-recurring expense, though, and margins would have landed closer to 75%. On the shareholder returns front, Nvidia paid out $41 billion through dividends and buybacks - a clear signal of how strong its cash generation has become. The company also pointed to its upcoming Rubin architecture platform, expected later this year, as a step toward better inference-cost efficiency. As Nvidia noted in its results: "We are racing to scale AI infrastructure to meet extraordinary demand." NVDA Stock Analysis: Nvidia Signals Major Move as $175-197 Bands Tighten breaks down exactly what that price consolidation looks like on the chart.
From a technical standpoint, NVDA is pressing right up against resistance just below $197, a level that has capped upside over recent sessions. The mid-$170s support zone has held through multiple pullbacks, keeping the broader trend intact. Volume patterns remain firm, and a sustained move above the current range could open the door to renewed momentum. Hyperscaler spending on AI infrastructure remains the biggest fundamental driver to watch. Nvidia Trades at 25x Forward Earnings With $150B+ Cash Flow Projection puts the valuation picture in context.
Taken together, Nvidia's record revenue and current price consolidation reflect how the market is weighing both exceptional growth and near-term expectations. NVDA continues to serve as a key barometer for the broader AI and semiconductor space - and what happens next at $197 could set the tone for the entire tech sector.
Peter Smith
