Nvidia Shares Tick Positive As Chipmaker Beats Expectations, AI Demand Drives Billions in Revenue
BeInCrypto
Nvidia exceeded financial expectations for the first quarter, driven by robust AI infrastructure demand and strong growth in its data center division.Summary
Nvidia reported a strong first quarter with $81.62 billion in revenue and adjusted earnings of $1.87 per share, both surpassing analyst estimates. The growth was primarily fueled by the company's data center division, which benefited from high demand for Blackwell AI systems. Nvidia provided an optimistic outlook for the second quarter, further confirming that major tech companies continue to invest heavily in generative AI and computing infrastructure, a trend that also positively impacted the broader AI-linked cryptocurrency market.
(Source：BeInCrypto)