Nvidia (NVDA) reported fiscal first-quarter earnings Wednesday that beat analysts' expectations and surpassed the increasingly high bar set by investors, as data center sales surged to record high amid booming demand for artificial intelligence (AI). Shares gained following the release.
A stronger-than-expected revenue forecast from Nvidia NVDA.O after the bell on Wednesday lifted shares of the artificial-intelligence chipmaker and fueled gains in other chip and technology stocks.
Alphabet, Microsoft, Amazon and other technology companies have competed for a limited supply of Nvidia's high-end chips as they race to dominate AI computing.
Chipmaker reported strong demand and higher-than-expected revenue even as other companies spend to develop their own chips
The Silicon Valley company was again lifted by sales of its artificial intelligence chips, but it faces growing competition and heightened expectations.
NVIDIA Corp (NASDAQ:NVDA, ETR:NVD) shares made gains after Wednesday's closing bell as the chipmaker's fiscal first quarter 2025 earnings topped Wall Street's high expectations. Revenue increased 262% to $26 billion from $7.19 billion in the year-ago quarter, ahead of estimates of $24.6 billion, which would have marked about a 240% jump.
NVIDIA Corp (NASDAQ:NVDA, ETR:NVD) shares made gains after Wednesday's closing bell as the chipmaker's fiscal first quarter 2025 earnings topped Wall Street's high expectations. Revenue increased 262% to $26 billion from $7.19 billion in the year-ago quarter, ahead of estimates of $24.6 billion, which would have marked about a 240% jump.
Nvidia on Wednesday announced a ten-for-one forward stock split effective June 7 in its first quarter fiscal 2025 earnings report.
Nvidia reported first fiscal-quarter earnings on Wednesday that beat expectations for sales and earnings, and the stock rose slightly in extended trading. Nvidia will hold a conference call to discuss the results this afternoon, which can be listened to on Nvidia's website.
Nvidia again shattered Wall Street forecasts in its anxiously awaited earnings report Wednesday afternoon, sending shares of the chip designer and artificial intelligence top dog toward a record high.
Nvidia forecast second-quarter revenue above estimates on Wednesday and announced a ten-for-one forward stock split, impressing investors who have already tripled the chipmaker's market value in the past year on AI optimism.
Ahead of Nvidia's (NVDA) highly anticipated earnings report after the bell Wednesday, investors may be bracing for significant share movement following the announcement that could affect major indexes and exchange-traded funds (ETFs).