NVIDIA's Q1 revenue of $81.6 billion exceeded market expectations, while also announcing an $80 billion stock buyback program.

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ME News message: On May 21 (UTC+8), NVIDIA released its earnings report after the U.S. stock market closed on Wednesday. For fiscal 2027 Q1, revenue was $81.6 billion, while the market expected $78.672 billion; data center business revenue was $75.2 billion, while the market expected $72.8 billion. NVIDIA also announced an $80 billion stock buyback plan and will raise its quarterly cash dividend from $0.01 per share to $0.25 per share. In addition, NVIDIA’s data center spending (the company’s main source of revenue) has not yet shown any signs of slowing down. NVIDIA expects second-quarter revenue of $91 billion (plus or minus 2%), while the median market estimate is $86.788 billion, though the highest forecast once reached $96 billion. This outlook disappointed investors who had grown accustomed to NVIDIA consistently beating expectations. The company’s dominance in AI computing is also facing its first major challenge, as many chipmakers are trying to get a share of the pie. After the earnings release, NVIDIA fell by about 3% in after-hours trading before narrowing to flat. (Source: BlockBeats)
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