Nvidia Posts $81.62 Billion Q1 Revenue, Beating Forecasts as Shares Hold Flat
Updated
Updated · CNBC · May 20
Nvidia Posts $81.62 Billion Q1 Revenue, Beating Forecasts as Shares Hold Flat
23 articles · Updated · CNBC · May 20
$81.62 billion in first-quarter revenue marked an 85% year-over-year jump for Nvidia, topping the $78.86 billion analyst consensus tracked by LSEG.
Shares were little changed in after-hours trading, extending a muted market response even after Nvidia also projected about $91 billion in sales for the current quarter.
$58.3 billion in quarterly profit and the stronger revenue underscored how heavily the AI boom still depends on Nvidia's chips.
Investor caution has persisted despite the beats, with recent sentiment tempered by mounting competition in AI chips.
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