Nvidia Shares Rose 2% in Early Trading

Tiger Newspress2022-05-26

Nvidia shares rose 2% in early trading from a decline of more than 4%.

The company delivered record results in Data Center and Gaming. Data Center Q1 revenue was $3.75 billion (up 83% year-over-year) and Gaming revenue was $3.62 billion (up 31% year-over-year).

“We delivered record results in Data Center and Gaming against the backdrop of a challenging macro environment,” said Jensen Huang, founder and CEO of NVIDIA. “The effectiveness of deep learning to automate intelligence is driving companies across industries to adopt NVIDIA for AI computing. Data Center has become our largest platform, even as Gaming achieved a record quarter. “We are gearing up for the largest wave of new products in our history with new GPU, CPU, DPU and robotics processors ramping in the second half. Our new chips and systems will greatly advance AI, graphics, Omniverse, self-driving cars and robotics, as well as the many industries these technologies impact,” he said.

The company expects Q2/23 revenue to be $8.10 billion, plus or minus 2%, worse than the consensus estimate of $8.45 billion.

The company’s board of directors also announced an additional share repurchase program of up to $15 billion through December 2023.

Shares of NVIDIA were down 42% year-to-date going into the results.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

VivianChua
2022-05-27
VivianChua
Nice💚💚💚
MSTAN
2022-05-27
MSTAN
👌👌
Jess261
2022-05-27
Jess261
Okay
Sysy
2022-05-27
Sysy
Ok
Steven Tay
2022-05-27
Steven Tay
Ok
SCLIEW
2022-05-27
SCLIEW
665

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Data Center Q1 revenue was $3.75 billion (up 83% year-over-year) and Gaming revenue was $3.62 billion (up 31% year-over-year).</p><p>“We delivered record results in Data Center and Gaming against the backdrop of a challenging macro environment,” said Jensen Huang, founder and CEO of NVIDIA. “The effectiveness of deep learning to automate intelligence is driving companies across industries to adopt NVIDIA for AI computing. Data Center has become our largest platform, even as Gaming achieved a record quarter. “We are gearing up for the largest wave of new products in our history with new GPU, CPU, DPU and robotics processors ramping in the second half. Our new chips and systems will greatly advance AI, graphics, Omniverse, self-driving cars and robotics, as well as the many industries these technologies impact,” he said.</p><p>The company expects Q2/23 revenue to be $8.10 billion, plus or minus 2%, worse than the consensus estimate of $8.45 billion.</p><p>The company’s board of directors also announced an additional share repurchase program of up to $15 billion through December 2023.</p><p>Shares of NVIDIA were down 42% year-to-date going into the results.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179345325","content_text":"Nvidia shares rose 2% in early trading from a decline of more than 4%.The company delivered record results in Data Center and Gaming. Data Center Q1 revenue was $3.75 billion (up 83% year-over-year) and Gaming revenue was $3.62 billion (up 31% year-over-year).“We delivered record results in Data Center and Gaming against the backdrop of a challenging macro environment,” said Jensen Huang, founder and CEO of NVIDIA. “The effectiveness of deep learning to automate intelligence is driving companies across industries to adopt NVIDIA for AI computing. Data Center has become our largest platform, even as Gaming achieved a record quarter. “We are gearing up for the largest wave of new products in our history with new GPU, CPU, DPU and robotics processors ramping in the second half. Our new chips and systems will greatly advance AI, graphics, Omniverse, self-driving cars and robotics, as well as the many industries these technologies impact,” he said.The company expects Q2/23 revenue to be $8.10 billion, plus or minus 2%, worse than the consensus estimate of $8.45 billion.The company’s board of directors also announced an additional share repurchase program of up to $15 billion through December 2023.Shares of NVIDIA were down 42% year-to-date going into the results.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":170,"commentSize":16,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1179345325"}