Nvidia wowed the market with better-than-expected Q1 earnings and impressive guidance for Q2. The stock soared by nearly 25%, gaining nearly $200 billion in market value. Despite a decline in overall revenue, Nvidia’s data center segment stole the show, with a record-breaking $4.28 billion in revenue, up 14% YoY and 18% QoQ. The demand for AI chips in this sector continues to surge, and Nvidia’s management expects this trend to accelerate further.
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Article Name
Top AI Stocks: Is Nvidia the Best Choice?
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Nvidia wowed the market with better-than-expected Q1 earnings and impressive guidance for Q2.
Author
Susan Jane
Publisher Name
The Motley Fool
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