From Yahoo Finance: 2025-05-28 17:08:00

Nvidia’s first-quarter revenue hit a record high, reaching $44.06 billion, with earnings per share at 81 cents. The data center segment led the way, growing 73% to $39.1 billion. However, the company absorbed a $4.5 billion charge due to restrictions on selling H20 chips to China.

CEO Jensen Huang highlighted the strong global demand for Nvidia’s AI infrastructure, noting a tenfold surge in AI inference token generation in just one year. The company projected an $8 billion hit in the current quarter due to lost revenue from H20 sales, with expectations slightly below Street estimates.

Despite the earnings miss, Nvidia saw its shares surge over 5% in after-hours trading, reaching just above $141, its highest level since February. If this trend continues, Nvidia could overtake Microsoft in market capitalization, making it the world’s most valuable company.

Read more: Nvidia’s Revenue Hits Record High, But China Sales Restrictions Squeeze Profits