Nvidia Corporation (NASDAQ:NVDA) reported strong fiscal first-quarter results on Wednesday, with earnings per share of $1.09 on revenue of $7.19 billion. This beat analyst estimates of $0.92 on revenue of $6.52B. The chipmaker’s data center business reached a record $4.28B, up 14% from a year ago and up 18% from the previous quarter. This helped offset weakness in its gaming business, with revenue down 38% to $2.24B from a year ago. NVIDIA also provided upbeat guidance for fiscal Q2, with revenue in a range of $11.00B, plus or minus 2%. This was ahead of Wall Street estimates for $7.13B. Following the report, NVIDIA shares were up 19% in after-hours trade. The company attributed the strong performance to growing interest in artificial intelligence and the transition from general purpose to accelerated computing.
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