In the first quarter of fiscal 2026, Nvidia achieved a record revenue of $44.1 billion, marking a 69% increase from the previous year and surpassing analyst expectations. This growth was primarily fueled by a 73% year-over-year rise in data center revenue, totaling $39.1 billion, as demand for AI infrastructure continues to surge.
However, the company faced challenges due to U.S. export restrictions on its H20 chips to China, resulting in a $4.5 billion charge for unsold inventory and an anticipated $8 billion impact on future sales. Despite these hurdles, Nvidia's stock rose over 5% in after-hours trading, reflecting investor confidence in its continued growth and adaptability.
CEO Jensen Huang emphasized the company's commitment to expanding its global AI infrastructure, including new partnerships and the development of the Blackwell chip, which is now in full-scale production.
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