Nvidia Beats Earnings Estimates but Stock Falls
Nvidia reported strong Q1 earnings with revenue of $81.6 billion, up 85% year-over-year and 20% sequentially, driven by data center growth to $75.2 billion. Despite the results and a new $80B share repurchase plan, shares fell nearly 2%. The stock's decline may reflect overvaluation concerns after rising ~20% from February lows.
Topics: AI Chips Dividend Increase Earnings Share Repurchase Stock Performance