From Barchart: 2024-05-23 08:35:00

Wall Street has seen a surge in tech stocks supported by AI adoption. NVIDIA’s Q1 2025 revenues hit $26.04 billion, up 262% YoY. Data center revenue was $22.6 billion, gaming up 18%, and other revenues from professional visualization and automotive sectors. Stock price crossed $1,000 after the impressive results.

NVIDIA expects Q2 sales of $28 billion, driven by the upcoming Blackwell AI chip. NVIDIA dominates in visual computing and GPUs, shifting focus to AI solutions. Demand is strong for Hopper chips and prices are expected to rise. The AI market is growing, reaching $2 trillion by 2030.

Following Q1 results, NVIDIA’s stock has soared 210% in the past year. The company is expected to continue its momentum. NVIDIA plans to launch the Blackwell chip in Q4 2025, driving further revenue growth. The AI market is expanding rapidly, with strong future growth prospects.



Read more at Barchart: NVIDIA Crushes All Estimates, Signals AI Boom is Yet to Unfold