SAN FRANCISCO, May 21 — Chip giant Nvidia yesterday posted record quarterly revenue of US$81.6 billion (RM323.1 billion), blowing past Wall Street forecasts as insatiable demand...
Nvidia founder and CEO Jensen Huang speaks during Nvidia Live at CES 2026 in Las Vegas January 5, 2026. The chip giant posted record quarterly revenue of US$81.6 billion , blowing past Wall Street forecasts as insatiable demand for its artificial intelligence hardware powered another blockbuster quarter.
— AFP pic! Plus, enjoy an additional FREE RM10 when you sign up using code VERSAMM10 with a min. cash-in of RM100 today. T&Cs apply. SAN FRANCISCO, May 21 — Chip giant Nvidia yesterday posted record quarterly revenue of US$81.6 billion , blowing past Wall Street forecasts as insatiable demand for its artificial intelligence hardware powered another blockbuster quarter.
The results for the first quarter of fiscal 2027, ending April 26, marked an 85 per cent jump from the same period a year ago and a 20 per cent rise from the prior quarter, underscoring Nvidia’s status as the primary beneficiary of a global AI infrastructure buildout. Net profit surged to US$58.3 billion, more than tripling from US$18.8 billion in the year-earlier period.
Nvidia’s data centre business, which sells the processors powering AI systems at tech giants and technology companies worldwide, was the engine behind the quarter’s performance. Data centre revenue, which includes Nvidia’s key graphics processing units , hit a record US$75.2 billion, up 92 per cent from a year ago. A GPU is a specialized computer chip originally designed to render video game graphics at high speed, but Nvidia has since made it the engine powering artificial intelligence.
That pivot has made Nvidia the world’s most valuable company, on the back of huge demand for its AI hardware. Demand for Nvidia products seems insatiable despite recurring talk on Wall Street that the AI spending spree could come to a halt. Since its February earnings report, Nvidia has disclosed a US$10 billion investment in Anthropic, a major deal with Meta, and a commitment to AI company CoreWeave targeting five gigawatts of AI facilities by 2030.
For the current quarter, Nvidia projected revenue of US$91 billion, representing a further acceleration in growth. Crucially, Nvidia said it was not assuming any data centre revenue from China in its outlook, where its core product has been caught up in a geopolitical dispute between Beijing and Washington. Nvidia boss Jensen Huang this week said he expected China to eventually open its market to high-end US chips that can train and run artificial intelligence systems.
The superpowers are in a fierce race for AI supremacy, and Nvidia’s H200 chip had until recently been barred from sale in China by Washington over national security concerns. However, there is no sign that Chinese tech companies are buying them, as Beijing ramps up domestic chip development in a bid to challenge US dominance in the sector. Investors shrugged off the results in the earnings report, with Nvidia shares down more than one per cent in after-hours trading. — AFP
AI Hardware Data Centre Jensen Huang Geopolitical Dispute AI Infrastructure
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China market for Nvidia AI chips to open ‘over time’, says HuangThe H200 model shows no sign of uptake as Nvidia’s top-of-the-range offerings, Blackwell and Rubin, remain banned for sale.
Read more »
Nvidia shares set for $350 billion price swing after earnings, options showWall Street's main indices closed lower on Tuesday with the Nasdaq leading declines, after the benchmark 10-year Treasury yield climbed to its highest level in more than a year on mounting inflation concerns as oil prices stayed elevated and investors were anxious about the lack of a peace agreement between the US and Iran.
Read more »
Asian stocks fall for 4th day as higher yields bite, Nvidia in focusGlobal bond sell-off persists as investors ramp up bets the Federal Reserve may raise interest rates this year.
Read more »
Nvidia posts record US$81.6bil quarterly revenue on AI spending boomThe chip giant blows past Wall Street forecasts as insatiable demand for its artificial intelligence hardware powered another blockbuster quarter.
Read more »