Nvidia Reports 69% Revenue Increase and Shares Rise 4%
Nvidia (NVDA) shares increased by 4% in after-hours trading following stronger-than-expected earnings and revenue reports.
- Revenue rose 69% year-over-year in Q1, with data center business growth at 73%.
- Net income reached $18.8 billion, a 26% increase from last year.
- The after-hours increase contributed to a year-to-date gain and a 20% rise compared to the previous year.
- AI-related crypto tokens like Bittensor TAO, NEAR Protocol, and Internet Computer (CIP) saw slight increases but remained lower for the day.
- Nvidia expects second-quarter revenue below market estimates due to U.S.-China tariff restrictions.