{"id":71,"date":"2026-05-20T23:37:52","date_gmt":"2026-05-20T23:37:52","guid":{"rendered":"https:\/\/nextcitydigest.com\/?p=71"},"modified":"2026-05-20T23:37:52","modified_gmt":"2026-05-20T23:37:52","slug":"nvidia-q1-results-surpass-wall-street-expectations-thanks-to-massive-ai-chip-demand","status":"publish","type":"post","link":"https:\/\/nextcitydigest.com\/?p=71","title":{"rendered":"Nvidia Q1 results surpass Wall Street expectations thanks to massive AI chip demand"},"content":{"rendered":"
\n
\n

By BARBARA ORTUTAY<\/p>\n

Artificial intelligence chipmaker Nvidia\u2019s quarterly results surpassed Wall Street\u2019s expectations once again, fueled by massive demand for its high-end AI chips.<\/p>\n

Read more Bay Area rapper Dreamllife Rizzy hit with federal gun charges<\/a><\/p>\n

The company said Wednesday it earned $58.32 billion, or $2.39 per share, in the February-April period, up from $18.78 billion, or 76 cents per share, in the same period a year earlier. Excluding one-time items, Nvidia earned $1.76 per share.<\/p>\n

Revenue jumped 85% to $81.62 billion from $44.01 billion.<\/p>\n

Analysts, on average, were expecting earnings of $1.75 per share and revenue of $78.91 billion, according to a poll by FactSet. Nvidia\u2019s results have exceeded the analyst projections that shape investors\u2019 perceptions since Nvidia\u2019s high-end chips emerged as AI\u2019s best building blocks three years ago.<\/p>\n

\u201cThe buildout of AI factories \u2014 the largest infrastructure expansion in human history \u2014 is accelerating at extraordinary speed,\u201d said CEO Jensen Huang in a statement.<\/p>\n

Along with higher profit and revenue, however, Nvidia\u2019s operating expenses increased by 49% to $7.75 billion.<\/p>\n

For the current quarter, Nvidia forecast revenue of about $91 billion. Analysts are forecasting $87.29 billion.<\/p>\n

Read more Aaron Rodgers says the 2026 NFL season will be his last: \u2018This is it\u2019<\/a><\/p>\n

\n<\/div>\n

Despite the solid results and outlook, many investors still evidently are worried about a comedown after a three-year boom that has seen Nvidia\u2019s market value soar from $400 billion at the end of 2022 to $5.4 trillion as of Wednesday.<\/p>\n

Shares of the Santa Clara, California-based company dipped slightly after-hours to $222.12 after closing at $223.47 in the regular trading session.<\/p>\n

\u201cTime and time again, (Nvidia) obliterates expectations and consensus; it delivered exactly on what people wanted, especially regarding data centers,\u201d said David Wagner, head of equity and portfolio manager at Aptus Capital Advisors. \u201cBut the market doesn\u2019t always act as you would expect after a strong report like this one.\u201d<\/p>\n

The company also announced plans to return some money to shareholders. It authorized a plan to buy back $80 billion worth of stock and increased its quarterly cash dividend to 25 cents per share from 1 cent.<\/p>\n

Read more SF Giants swept by Diamondbacks, fall 10 games below .500 for first time since 2019<\/a><\/p>\n

\n<\/div>\n
\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

By BARBARA ORTUTAY Artificial intelligence chipmaker Nvidia\u2019s quarterly results surpassed Wall Street\u2019s expectations once again, fueled by massive demand for its high-end AI chips. The company said Wednesday it earned $58.32 billion, or $2.39 per share, in the February-April period, up from $18.78 billion, or 76 cents per share, in the same period a year [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":70,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-71","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nNvidia Q1 results surpass Wall Street expectations thanks to massive AI chip demand - Next City Digest<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nextcitydigest.com\/?p=71\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nvidia Q1 results surpass Wall Street expectations thanks to massive AI chip demand - Next City Digest\" \/>\n<meta property=\"og:description\" content=\"By BARBARA ORTUTAY Artificial intelligence chipmaker Nvidia\u2019s quarterly results surpassed Wall Street\u2019s expectations once again, fueled by massive demand for its high-end AI chips. The company said Wednesday it earned $58.32 billion, or $2.39 per share, in the February-April period, up from $18.78 billion, or 76 cents per share, in the same period a year [\u2026]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nextcitydigest.com\/?p=71\" \/>\n<meta property=\"og:site_name\" content=\"Next City Digest\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-20T23:37:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nextcitydigest.com\/wp-content\/uploads\/2026\/05\/ef46c17a000f378805e7ea2ae8fb843a.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"682\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/?p=71#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/?p=71\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/#\\\/schema\\\/person\\\/13065d40d633843429ac57d4e5c06f9b\"},\"headline\":\"Nvidia Q1 results surpass Wall Street expectations thanks to massive AI chip demand\",\"datePublished\":\"2026-05-20T23:37:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/?p=71\"},\"wordCount\":362,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/?p=71#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/nextcitydigest.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/ef46c17a000f378805e7ea2ae8fb843a.webp\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/nextcitydigest.com\\\/?p=71#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/?p=71\",\"url\":\"https:\\\/\\\/nextcitydigest.com\\\/?p=71\",\"name\":\"Nvidia Q1 results surpass Wall Street expectations thanks to massive AI chip demand - Next City Digest\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/?p=71#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/?p=71#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/nextcitydigest.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/ef46c17a000f378805e7ea2ae8fb843a.webp\",\"datePublished\":\"2026-05-20T23:37:52+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/#\\\/schema\\\/person\\\/13065d40d633843429ac57d4e5c06f9b\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/?p=71#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/nextcitydigest.com\\\/?p=71\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/?p=71#primaryimage\",\"url\":\"https:\\\/\\\/nextcitydigest.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/ef46c17a000f378805e7ea2ae8fb843a.webp\",\"contentUrl\":\"https:\\\/\\\/nextcitydigest.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/ef46c17a000f378805e7ea2ae8fb843a.webp\",\"width\":1024,\"height\":682},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/?p=71#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/nextcitydigest.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Nvidia Q1 results surpass Wall Street expectations thanks to massive AI chip demand\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/#website\",\"url\":\"https:\\\/\\\/nextcitydigest.com\\\/\",\"name\":\"Next City Digest\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/nextcitydigest.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/#\\\/schema\\\/person\\\/13065d40d633843429ac57d4e5c06f9b\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/nextcitydigest.com\"],\"url\":\"https:\\\/\\\/nextcitydigest.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Nvidia Q1 results surpass Wall Street expectations thanks to massive AI chip demand - Next City Digest","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nextcitydigest.com\/?p=71","og_locale":"en_US","og_type":"article","og_title":"Nvidia Q1 results surpass Wall Street expectations thanks to massive AI chip demand - Next City Digest","og_description":"By BARBARA ORTUTAY Artificial intelligence chipmaker Nvidia\u2019s quarterly results surpassed Wall Street\u2019s expectations once again, fueled by massive demand for its high-end AI chips. The company said Wednesday it earned $58.32 billion, or $2.39 per share, in the February-April period, up from $18.78 billion, or 76 cents per share, in the same period a year [\u2026]","og_url":"https:\/\/nextcitydigest.com\/?p=71","og_site_name":"Next City Digest","article_published_time":"2026-05-20T23:37:52+00:00","og_image":[{"width":1024,"height":682,"url":"https:\/\/nextcitydigest.com\/wp-content\/uploads\/2026\/05\/ef46c17a000f378805e7ea2ae8fb843a.webp","type":"image\/webp"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/nextcitydigest.com\/?p=71#article","isPartOf":{"@id":"https:\/\/nextcitydigest.com\/?p=71"},"author":{"name":"admin","@id":"https:\/\/nextcitydigest.com\/#\/schema\/person\/13065d40d633843429ac57d4e5c06f9b"},"headline":"Nvidia Q1 results surpass Wall Street expectations thanks to massive AI chip demand","datePublished":"2026-05-20T23:37:52+00:00","mainEntityOfPage":{"@id":"https:\/\/nextcitydigest.com\/?p=71"},"wordCount":362,"commentCount":0,"image":{"@id":"https:\/\/nextcitydigest.com\/?p=71#primaryimage"},"thumbnailUrl":"https:\/\/nextcitydigest.com\/wp-content\/uploads\/2026\/05\/ef46c17a000f378805e7ea2ae8fb843a.webp","articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/nextcitydigest.com\/?p=71#respond"]}]},{"@type":"WebPage","@id":"https:\/\/nextcitydigest.com\/?p=71","url":"https:\/\/nextcitydigest.com\/?p=71","name":"Nvidia Q1 results surpass Wall Street expectations thanks to massive AI chip demand - Next City Digest","isPartOf":{"@id":"https:\/\/nextcitydigest.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nextcitydigest.com\/?p=71#primaryimage"},"image":{"@id":"https:\/\/nextcitydigest.com\/?p=71#primaryimage"},"thumbnailUrl":"https:\/\/nextcitydigest.com\/wp-content\/uploads\/2026\/05\/ef46c17a000f378805e7ea2ae8fb843a.webp","datePublished":"2026-05-20T23:37:52+00:00","author":{"@id":"https:\/\/nextcitydigest.com\/#\/schema\/person\/13065d40d633843429ac57d4e5c06f9b"},"breadcrumb":{"@id":"https:\/\/nextcitydigest.com\/?p=71#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nextcitydigest.com\/?p=71"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nextcitydigest.com\/?p=71#primaryimage","url":"https:\/\/nextcitydigest.com\/wp-content\/uploads\/2026\/05\/ef46c17a000f378805e7ea2ae8fb843a.webp","contentUrl":"https:\/\/nextcitydigest.com\/wp-content\/uploads\/2026\/05\/ef46c17a000f378805e7ea2ae8fb843a.webp","width":1024,"height":682},{"@type":"BreadcrumbList","@id":"https:\/\/nextcitydigest.com\/?p=71#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nextcitydigest.com\/"},{"@type":"ListItem","position":2,"name":"Nvidia Q1 results surpass Wall Street expectations thanks to massive AI chip demand"}]},{"@type":"WebSite","@id":"https:\/\/nextcitydigest.com\/#website","url":"https:\/\/nextcitydigest.com\/","name":"Next City Digest","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nextcitydigest.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/nextcitydigest.com\/#\/schema\/person\/13065d40d633843429ac57d4e5c06f9b","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/nextcitydigest.com"],"url":"https:\/\/nextcitydigest.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/nextcitydigest.com\/index.php?rest_route=\/wp\/v2\/posts\/71","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nextcitydigest.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nextcitydigest.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nextcitydigest.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nextcitydigest.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=71"}],"version-history":[{"count":0,"href":"https:\/\/nextcitydigest.com\/index.php?rest_route=\/wp\/v2\/posts\/71\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nextcitydigest.com\/index.php?rest_route=\/wp\/v2\/media\/70"}],"wp:attachment":[{"href":"https:\/\/nextcitydigest.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=71"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nextcitydigest.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=71"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nextcitydigest.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=71"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}