Nvidia's Q1 Earnings Surge, AI Chip Demand Soars

Nvidia shares surged by over seven percent in after-hours trading following their fiscal first-quarter earnings report, which exceeded financial expectations and projected robust growth. The company reported impressive revenue and adjusted earnings per share, and provided strong revenue guidance for the upcoming months. Despite concerns about sustainability, Nvidia executives emphasized widespread demand for their chips, with data center revenue soaring by 427% year over year. The upcoming release of their next-generation Blackwell AI chip further bolsters their position as a dominant force in the technology sector.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.