Nvidia gave investors plenty to cheer about in its first-quarter earnings release and its stock is soaring as a result. Here's what you need to know.
AI chip leader Nvidia topped even Wall Street's elevated "whisper numbers" with its fiscal first quarter results and guidance.
NVIDIA Corp (NASDAQ:NVDA, ETR:NVD) batted off concerns that demand could dip as customers await the release of its new Blackwell graphic processing unit in its result, analysts say. Having laid out an expectation-beating 262% jump in revenue to $26 billion for the first quarter on Wednesday, UBS and Wedbush said key fears had been addressed.
NVIDIA Corp (NASDAQ:NVDA, ETR:NVD) batted off concerns that demand could dip as customers await the release of its new Blackwell graphic processing unit in its result, analysts say. Having laid out an expectation-beating 262% jump in revenue to $26 billion for the first quarter on Wednesday, UBS and Wedbush said key fears had been addressed.
Nvidia Corporation's leading-edge AI chips are at the heart of its value proposition and have driven genuine economic gains. This undergirds the price gains, not irrational exuberance. The company's core parallel computing function is proving to be one of the most lucrative businesses in history. Despite controversy over NVDA stock's valuation, Nvidia's business and financials justify its considerable price gains.
NVIDIA shares jumped as much as 7.8% in after-market trading on blowout results and surpassed the $1,000 level for the first time ever. Investors can tap the robust growth with the help of ETFs having the largest allocation to NVIDIA.
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Semiconductor staple NVIDIA Corp (NASDAQ:NVDA) yesterday reported a top- and bottom-line beat for the first quarter, as well as a 10-for-1 stock split.
The stock price of NVDA has jumped 92% year to date. Despite this, following the first-quarter fiscal 2025 results, momentum is likely to continue for this new darling of Wall Street.
Nvidia beat estimates on the top and bottom lines again in its first-quarter earnings report. Year-over-year growth is expected to slow down as comparisons will get more difficult.
Fiscal first-quarter revenue and adjusted earnings per share (EPS) soared 262% and 461%, respectively, year over year, surpassing Wall Street's expectations. Guidance for fiscal Q2 revenue and adjusted EPS also easily topped the Street's estimates.
Nvidia is set to lead US stock indices higher on Thursday, after publishing impressive earnings overnight that have helped to lift tech stocks as well as the broader market. The chipmaker was trading up 6.9% premarket, while Nasdaq 100 futures were up 1.16% and S&P 500 futures were pointing to a 0.74% gain.