Nvidia's Q1 Earnings Surge, AI Chip Demand Soars

Nvidias stock surged by over seven percent in after-hours trading following their fiscal first-quarter earnings report, which exceeded expectations with a revenue of twenty-six point zero four billion dollars and adjusted earnings per share of six dollars and twelve cents. Despite concerns about a potential AI bubble, Nvidias data center revenue, a key indicator for their AI chips, soared by four hundred and twenty-seven percent year over year, and their next-generation Blackwell AI chip is set to begin shipping in the second quarter, promising robust growth for the company.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.