As Nvidia reports earnings for the first quarter of its fiscal year 2026, which closed on April 28, the company has released numbers on how the Trump administration's recent chip export restrictions are affecting business.
CNBC's Kristina Partsinevelos and Patrick Moorhead, Moor Insights CEO & chief analyst, join 'Closing Bell Overtime' with Nvidia results.
Nvidia Corp (NASDAQ:NVDA, ETR:NVD) beat Wall Street expectations for first-quarter revenue on Wednesday, driven by surging demand for its data center chips, even as profit and gross margin fell short of forecasts. Shares jumped more than 3.5% in after-hours trading as the company projected continued growth despite US export controls.
Shares of Nvidia pulled back 0.5% to $134.81. Major indexes were down slightly ahead of Nvidia earnings, an event which often catalyzes broader moves.
Guidance over EPS: Investors care more about forward guidance than a minor earnings beat due to geopolitical uncertainty.
"Everyone's been waiting for" Nvidia's (NVDA) earnings, says Dave Mazza. He'll look for data center and revenue growth but expects a "messy quarter" when it comes to China sales and tariffs.
Vivek Arya, BofA Securities senior semiconductor analyst, joins 'Power Lunch' to discuss Arya's thoughts on Nvidia's stock ahead of its quarterly earnings results.
Srini Pajjuri, Raymond James managing director, joins 'The Exchange' to Nvidia earnings out after the bell an headwinds it could face.
Nvidia CEO Jensen Huang joins 'Mad Money' host Jim Cramer to talk all the big announcements coming out of the GTC conference and the future of AI.
Nvidia CEO Jensen Huang joins 'Mad Money' host Jim Cramer to talk all the big announcements coming out of the GTC conference and the future of AI.
The 2025 Q1 earnings season is slowly grinding to a halt, with the bulk of S&P 500 companies already delivering their quarterly results. The period has so far been primarily positive, although commentary about the upcoming periods amid recent tariff talks has been the driving force behind post-earnings reactions.
Nvidia reports fiscal first-quarter earnings on Wednesday after the bell. The earnings call is scheduled for 5 p.m.