The reaction in after-hours trading was shaky, with an early rally fading into a minor decline. The yo-yo movement then continued, appearing to indicate a lukewarm reception from investors.
Nvidia's earnings per share for the quarter came in at $1.87, compared with the $1.77 per share expected in Bloomberg's compilation of forecasts.
Revenue was $81.6 billion, compared to the average expected $79.2 billion. This also compares to just over $44 billion in the first quarter of last year, an increase of 85 percent.
Data center revenue increased 92 percent to $75.2 billion compared to a year ago.
“The expansion of AI factories - the largest infrastructure expansion in human history - is accelerating at an extraordinary rate,” CEO Jensen Huang said in a statement.
Nvidia's forecast for the coming quarter is $91 billion in revenue. Expectations were just over $87 billion, according to Bloomberg.
The company is launching a share repurchase program for an additional $80 billion and raising its quarterly dividend from 1 cent to 25 cents per share.
As usual, the report is seen as an important barometer for the entire AI and chip sector. Now investors are also looking at how Nvidia has managed to scale up its production in the face of accelerating competition.
