BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home BUSINESS

Nvidia NVDA Earnings Report Shocks Investors (Here is Why)

Michael Juanico by Michael Juanico
May 22, 2024
in BUSINESS, FINANCE
Share on XShare in TelegramShare on Reddit

• Nvidia reported a 262% jump in sales for Q1 2025, beating expectations, signaling the continuing AI boom.
• Nvidia’s data center revenue, which includes AI chips, rose 427% year-over-year to $2.26 billion, driven by strong demand from cloud providers.
• Nvidia announced a 10-for-1 stock split and raised its quarterly cash dividend.

Nvidia reported blowout earnings for its fiscal first quarter, beating expectations and signaling continued strong demand for its AI chips. The results highlight Nvidia’s position at the center of the ongoing AI boom.

BREAKING: NVIDIA $NVDA REPORTS A 5.3% HIGHER THAN EXPECTED REVENUE FOR Q1

— BlockNews.com (@blocknewsdotcom) May 22, 2024

Revenue Soars 62% Year-Over-Year

Nvidia’s revenue for the quarter came in at $2.6 billion, up 62% compared to the same period last year and surpassing analyst estimates of $2.46 billion. The standout segment was data center revenue, which includes sales of Nvidia’s GPUs for AI workloads. Data center revenue leapt to $2.26 billion, up 84% year-over-year.

Driving this growth were sales to large cloud providers who are deploying Nvidia’s Hopper GPUs at scale. Cloud demand accounted for 40% of data center revenue. Nvidia’s networking products also saw a boost as high-speed networking is critical for companies building out AI infrastructure.

Gaming and Automotive Businesses Stay Strong

Beyond data center, Nvidia’s other businesses also performed well. Gaming revenue rose 18% to $2.65 billion thanks to ongoing demand for Nvidia’s graphics cards. Professional visualization and automotive revenue came in at $427 million and $329 million respectively.

Profitability Increases Alongside Revenue

With surging top-line growth, Nvidia’s bottom line saw gains as well. Net income rose to $1.5 billion compared to $204 million in the year-ago quarter. Nvidia’s EPS of $0.98 handily beat estimates of $0.59.

Confident Outlook for Current Quarter

Looking ahead, Nvidia expects its hot streak to continue. For the current quarter, the company guided for $2.8 billion in revenue versus analyst estimates of $2.66 billion. Nvidia believes new products like its next-gen Blackwell GPU will drive additional growth.

Conclusion

Nvidia’s first quarter results show that demand for its AI offerings remains extremely strong. With new products on the horizon, Nvidia looks poised to continue growing at a rapid clip even as its revenue base expands into the billions. For investors betting on the AI revolution, Nvidia’s success highlights the trend’s staying power.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: AI chipsBlackwell GPUHopper GPUsNVDAnvidia
Tweet1ShareShare
Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

DON'T MISS THESE! HOT OFF THE PRESS

Coinbase’s Base Drops Optimism Stack – Here Is Why This Crypto Shift Matters
CRYPTO

Coinbase’s Base Drops Optimism Stack – Here Is Why This Crypto Shift Matters

February 18, 2026
WLFI Jumps 16% in Bearish Crypto Market – Here Is What’s Driving Trump Token
CRYPTO

WLFI Jumps 16% in Bearish Crypto Market – Here Is What’s Driving Trump Token

February 18, 2026
Eric Trump Says He’s Never Been More Bullish on Bitcoin, and That Alone Matters
BITCOIN

Eric Trump Says He’s Never Been More Bullish on Bitcoin, and That Alone Matters

February 18, 2026
AI Is Crushing Crypto SaaS Moats – Here Is Why Consolidation Is Coming Fast
CRYPTO

AI Is Crushing Crypto SaaS Moats – Here Is Why Consolidation Is Coming Fast

February 18, 2026
The IRS Just Turned Crypto Taxes Into a Mess and Retail Is About to Pay the Price
CRYPTO

The IRS Just Turned Crypto Taxes Into a Mess and Retail Is About to Pay the Price

February 18, 2026
Wall Street Wants to Turn the 2028 Election Into an ETF and Regulators Will Hate It
CRYPTO

Wall Street Wants to Turn the 2028 Election Into an ETF and Regulators Will Hate It

February 18, 2026
Load More

Related News

Coinbase’s Base Drops Optimism Stack – Here Is Why This Crypto Shift Matters

Coinbase’s Base Drops Optimism Stack – Here Is Why This Crypto Shift Matters

February 18, 2026
WLFI Jumps 16% in Bearish Crypto Market – Here Is What’s Driving Trump Token

WLFI Jumps 16% in Bearish Crypto Market – Here Is What’s Driving Trump Token

February 18, 2026
Eric Trump Says He’s Never Been More Bullish on Bitcoin, and That Alone Matters

Eric Trump Says He’s Never Been More Bullish on Bitcoin, and That Alone Matters

February 18, 2026
AI Is Crushing Crypto SaaS Moats – Here Is Why Consolidation Is Coming Fast

AI Is Crushing Crypto SaaS Moats – Here Is Why Consolidation Is Coming Fast

February 18, 2026
The IRS Just Turned Crypto Taxes Into a Mess and Retail Is About to Pay the Price

The IRS Just Turned Crypto Taxes Into a Mess and Retail Is About to Pay the Price

February 18, 2026
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews