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NVIDIA Announces Financial Results for First Quarter Fiscal 2025

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NVIDIA Announces Financial Results for First Quarter Fiscal 2025

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 19, 2024. David Paul Morris | Bloomberg | Getty Images Nvidia shares topped $1,000 for the first time in extended trading on Wednesday after the chipmaker reported fiscal first-quarter results that topped analyst estimates. Nvidia’s results have become a way for investors to gauge the strength of the AI boom that has transfixed markets in recent months. Its strong results on Wednesday suggest that demand for the AI chips Nvidia makes remains strong, and CEO Jensen Huang said the company would see revenue from its next-generation AI chip, called Blackwell, later this year. The stock rose 7% in extended trading. Nvidia also said it was splitting its stock 10 to 1 . Based on the after-market move, the shares are poised to reach a fresh high on Thursday. Earnings Per Share : $6.12 adjusted vs. $5.59 adjusted, per LSEG consensus es…

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