Nvidia reported a huge boost to its revenues in the first quarter of the year, with sales of its chips rising more than 69% compared to the same period in 2024.
The US company’s sophisticated chips have played a central role in the artificial intelligence (AI) boom.
But Nvidia’s stock, along with share prices of fellow chip-makers, plummeted in April after US President Donald Trump announced a wave of tariffs and tightened export restrictions.
Analysts say its strong set of results have “eased concerns” around tariffs – the future of which are uncertain after they were blocked by a federal court.
Wall Street stocks rose in early trading Thursday after a US court blocked many of President Trump’s tariffs and Nvidia earnings boosted confidence.
Nvidia reported a mammoth $18.8bn (£13.9bn) in quarterly profits, and shares of the artificial intelligence leader climbed 6.4%.
“Global demand for Nvidia’s AI infrastructure is incredibly strong,”…
