Nvidia reports record revenue of $114 billion but investors not impressed
Nvidia has reported a record revenue of $81.6 billion for the first quarter, marking an 85 percent increase from the previous year. Despite exceeding Wall Street expectations, investors are disappointed with the company's second-quarter sales forecast of $91 billion. Concerns about growing competition in the AI chip industry and a lack of significant updates regarding China sales have contributed to a tepid market reaction.
- ▪Nvidia's first-quarter revenue reached $81.6 billion, up 85 percent year-over-year.
- ▪The company forecasts second-quarter revenue of $91 billion, surpassing estimates but disappointing investors.
- ▪Data center revenue hit a record $75.2 billion, driven by the demand for AI chips.
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Tech giant Nvidia reports growth of 85 per cent due to the construction of AI factoriesBy business reporter Adelaide MillerTopic:Stock MarketThu 21 May 2026 at 11:22amThu 21 May 2026 at 11:22amThu 21 May 2026 at 11:22amTech giant Nvidia expects revenue of $US91 billion ($127 billion) in June. (Reuters: Dado Ruvic)In short:Tech giant Nvidia posts record first-quarter revenue, driven by AI chips and the build-out of data centres.The world's most valuable company dominates AI computing and acts as a market bellwether.What's next?Investors are disappointed with the latest sales forecast, with concerns around growing competition in the AI chip industry.abc.net.au/news/tech-giant-nvidia-delivers-results-exceeds-by-billions/106704670Link copiedShareShare articleThe world's most valuable company,…
Excerpt limited to ~120 words for fair-use compliance. The full article is at ABC News (Australia).