Nvidia Shares Surge, AI Chips Drive Growth

Nvidias 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 revenue of twenty-six point zero four billion dollars, surpassing analysts estimates of twenty-four point six five billion dollars. Adjusted earnings per share also beat forecasts, coming in at six dollars and twelve cents. Nvidias data center revenue, which includes their AI chips, soared by four hundred and twenty-seven percent year over year, with CEO Jensen Huang stating that demand is incredible. The companys optimistic outlook is further supported by their upcoming Blackwell AI chip, set to begin shipping in the second quarter.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.