NVIDIA Issues Strong Forecast Reflecting Ongoing AI Momentum

NVIDIA has announced optimistic forecasts for the second quarter,
expecting revenues to reach around $28 billion, surpassing analysts’ average estimates of $26.8 billion.
These forecasts follow strong performance in the fiscal first quarter, ending in April,
indicating continued robust spending on AI technologies.

Topic

CEO Statements

Stock Performance

Expansion and Client Diversification

Q1 Financial Performance

CEO Statements

CEO Jensen Huang affirmed that the next industrial revolution has begun,
stating that AI will deliver significant productivity gains and help companies become more cost and energy-efficient
while expanding revenue opportunities.

Stock Performance

NVIDIA’s stock value rose by 4% in after-hours trading, with the company’s market value surpassing $2.3 trillion.
Additionally, NVIDIA announced a 10-for-1 stock split and a 150% increase in its quarterly dividend to 10 cents per share.

Expansion and Client Diversification

Despite much of the new revenue coming from four major companies,
NVIDIA aims to expand its customer base by producing complete systems, software,
and services targeting companies and government agencies to deploy AI systems.

Q1 Financial Performance

In the fiscal first quarter, NVIDIA’s revenues more than tripled to $26 billion,
with earnings of $6.12 per share, exceeding analysts’ expectations.

NVIDIA Issues Strong Forecast Reflecting Ongoing AI Momentum

NVIDIA Issues Strong Forecast Reflecting Ongoing AI Momentum

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