From Yahoo Finance: 2025-05-28 21:15:00

Nvidia Corp. (NVDA) reported fiscal first-quarter earnings that beat analyst expectations, sending shares higher. The chip giant’s adjusted earnings per share were $0.96, with revenue at $44.1 billion. Despite a slight miss on second-quarter revenue guidance, Nvidia’s data center segment remains strong, with $39.1 billion in revenue.

Shares of Nvidia were up 4.5%, boosting Invesco QQQ Trust (QQQ) by 0.6%. The company disclosed that U.S. export restrictions impacting shipments to China reduced first-quarter revenue by $2.5 billion, expecting an $8 billion hit in the second quarter due to the H20 restrictions for the Chinese market.

Analysts at Morgan Stanley see Nvidia’s growth drivers as durable, putting digestion fears to rest. Citi analysts anticipate NVDA stock breaking its range-bound trend and making a new 52-week high. 625 U.S.-listed ETFs hold Nvidia stock, with VanEck Semiconductor ETF (SMH) having a 21% position.

Editor’s note: This article has been updated to include commentary from analysts and additional information.

Read more: QQQ Jumps After NVDA Beats on Top and Bottom Lines