Nvidia’s Q1 Revenue Climbs 69%, Shares Rise Following Earnings Beat
Nvidia (NVDA) shares rose about 4% in after-hours trading on Wednesday after the company reported first-quarter results that exceeded market expectations.
The AI technology leader recorded a 69% increase in revenue year-over-year, driven primarily by a 73% jump in its data center division. Net income grew 26% to $18.8 billion compared to the same quarter last year.
This strong performance helped Nvidia’s stock achieve a moderate gain for the year and a roughly 20% increase over the previous 12 months.
In response to Nvidia’s earnings beat, several AI-linked cryptocurrencies—such as Bittensor, NEAR Protocol (NEAR), and Internet Computer (ICP)—saw modest gains, although they remained down for the day overall. The surge in data center revenue reflects sustained global demand for AI capabilities.
Looking ahead, Nvidia cautioned that second-quarter revenue might fall short of analyst expectations due to ongoing tariff-related trade tensions between the U.S. and China.
