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

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ME News, May 21 (UTC+8), Nvidia released its earnings report after the U.S. stock market closed on Wednesday. Its fiscal 2027 Q1 revenue was $81.6 billion, compared to market expectations of $78.67B; data center business revenue was $75.2 billion, compared to market expectations of $72.8 billion. Nvidia also announced an $80 billion stock buyback plan and will increase its quarterly cash dividend from $0.01 per share to $0.25 per share. Additionally, Nvidia's data center spending (the company's main source of revenue) shows no signs of slowing down. Nvidia expects second-quarter revenue of $91 billion (plus or minus 2%), while the median market expectation is $86.79B, though the highest forecast once reached $96 billion. This outlook disappointed investors who have grown accustomed to Nvidia consistently exceeding expectations. The company's dominance in the AI computing field is also facing its first major challenge, as numerous chipmakers are trying to capture a share of the market. After the earnings release, Nvidia fell about 3% in after-hours trading before narrowing to flat. (Source: BlockBeats)
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