Nvidia posts record revenue as AI chip demand surges |
Nvidia posts record revenue as AI chip demand surges
The chipmaker reported $81.6 billion in first-quarter sales and raised its quarterly dividend to 25 cents from 1 cent
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Nvidia $NVDA reported record revenue of $81.6 billion for the first quarter of fiscal 2027, up 85% from a year ago, as demand for its artificial intelligence chips continued to grow. The company also raised its quarterly dividend 25-fold and announced a new share repurchase authorization on Wednesday.
First-quarter revenue beat the average analyst estimate of $79.2 billion, according to Bloomberg.........