Nvidia reported a quarterly top- and bottom-line beat on Wednesday and provided current-quarter revenue guidance that exceeded expectations. The chipmaker also announced a new $80 billion share buyback program.
Shares of the world's largest publicly-listed company seesawed after hours, last down 0.7%.
Since the explosion of AI technology in late 2022, Nvidia has become the premier manufacturer of high-end GPUs powering AI. Its market cap has surged to over $5 trillion.
Interactive Brokers' chief strategist Steve Sosnick noted that shares barely moved after results, as good news was already priced in.
The AI trade has helped Wall Street return to record levels. The Philadelphia Semiconductor Index posted an 18-day win streak, the longest in its history.
Nvidia earned $1.87 per share on adjusted basis on revenue of $81.62 billion for fiscal Q1 2027. Analysts expected $1.77 per share on $79.19 billion.
Nvidia issued Q2 revenue guidance of $91 billion. The company also announced a new $80B buyback and a dividend increase.
Nvidia said no Data Center Hopper products were shipped to China.
