NVDA
Beat, meet bragging rights
Nvidia came out swinging in Q1, and the numbers weren’t subtle. Revenue hit $81.6 billion, up 85% from a year ago and comfortably ahead of estimates, while EPS came in at $1.87 versus the Street’s $1.76. Translation: the AI money hose is still blasting.
The AI factory era is looking less like hype
CEO Jensen Huang basically used the call to say, “What if the internet, but with more GPUs?” He called the AI factory buildout the largest infrastructure expansion in human history, and the company’s segment split shows where the demand is coming from:
- Data Center revenue: $75.2 billion, up 92%
- Edge Computing revenue: $6.4 billion, up 29%
- Data Center networking: $14.8 billion, up 199%
That’s not a business that’s slowing down; that’s a business getting sprint-car fuel.
Shareholders got a little extra dessert
Nvidia also sweetened the pot with two capital-return moves: an additional $80 billion in buybacks and a dividend hike from 1 cent a quarter to 25 cents starting with the June 26th payout. For a company growing like a startup on steroids, that’s a pretty luxurious flex.
What investors should watch next
Management guided Q2 revenue to $89.18 billion to $92.82 billion, above consensus, which is the kind of forward-looking number that can keep the stock party going. Big picture: Nvidia isn’t just selling chips anymore — it’s selling picks and shovels to the AI gold rush, and right now the gold rush still looks very real.