Nvidia reported record first-quarter results, with revenue up 85% year-on-year to $81.6bn and net income more than tripling to $58.3bn, driven by surging demand for AI infrastructure chips. Despite beating expectations, shares fell 1.6% in after-hours trading, as analysts noted investors have grown accustomed to Nvidia's exceptional performance and are seeking even higher growth. Concerns about increasing competition, as major clients develop their own chips, also weighed on investor sentiment.
