Nvidia posted record first-quarter revenue of 81.62 billion dollars, beating Wall Street expectations as artificial intelligence infrastructure demand surged. The results lifted shares of some bitcoin miners with data center exposure.
Nvidia reported first-quarter revenue of 81.62 billion dollars, an 85 percent increase from 44.06 billion dollars a year earlier. The figure topped analyst estimates of 78.9 billion dollars, with adjusted earnings per share at 1.87 dollars versus expectations of 1.76 dollars. The company forecast about 91 billion dollars in revenue for the current quarter and authorized an additional 80 billion dollars in stock buybacks while raising its dividend to 25 cents per share.
