Nvidia(NASDAQ: In its earnings report for the first quarter, NVDA) astonished the stock market with results that were higher than anticipated and jaw-dropping guidance for the second quarter. The aftermarket session ended with shares up nearly 25%, adding close to $200 billion to their market value.
The world's most important semiconductor organization really detailed a year-over-year decrease in income, which was normal as it faces troublesome correlations in its gaming section. However, the data center segment commanded all attention. This sector reflects the skyrocketing demand for AI chips that has emerged since ChatGPT's launch at the end of last year. Nvidia delivered on this one.
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