Nvidia’s Q1 Revenue Surges 69%, Shares Climb on Strong Earnings Amid AI Demand
Nvidia (NVDA) saw its shares rise nearly 4% in after-hours trading on Wednesday after reporting first-quarter earnings that surpassed analyst expectations.
The semiconductor leader posted a 69% year-over-year revenue increase, powered by a 73% jump in its data center business, which remains a critical driver of AI innovation. Net income reached $18.8 billion, marking a 26% rise from the same period last year.
This earnings boost contributed to a modest gain for Nvidia’s stock year-to-date and pushed its annual performance to roughly 20% growth.
Following the earnings report, several AI-related crypto tokens—including Bittensor, NEAR Protocol (NEAR), and Internet Computer (ICP)—posted slight upticks, though they continued to trade lower overall for the day. Nvidia attributed its data center growth to sustained global demand for AI technologies.
Despite the strong results, Nvidia warned that second-quarter revenue may come in below forecasts due to tariff-related trade issues between the U.S. and China.
About The Author
More Stories
Bitcoin drops under $71,000 while stocks end the day near session lows as expectations for a 2026 Fed rate cut dim further.
Fed pauses rate changes as the Iran conflict clouds the economic outlook and fuels inflation fears.
Cheap money is now behind us as ongoing conflict with Iran locks in a higher baseline for inflation.