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

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ME News, May 21 (UTC+8), NVIDIA released its earnings report after the US stock market closed on Wednesday. Its fiscal 2027 Q1 revenue was $81.6 billion, versus market expectations of $78.67B, and data center revenue was $75.2 billion, versus market expectations of $72.8 billion. NVIDIA also announced an $80 billion stock buyback plan and will increase its quarterly cash dividend from 1 cent per share to 25 cents per share. In addition, NVIDIA's data center spending (the company's main source of revenue) has yet to show signs of slowing down. NVIDIA expects second-quarter revenue of $91 billion (plus or minus 2%), while the market consensus estimate is $86.79B, though the highest forecast once reached $96 billion. This outlook disappointed investors who had grown accustomed to NVIDIA consistently exceeding expectations. The company’s dominance in AI computing is also facing its first major challenge, as numerous chipmakers are trying to capture a piece 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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