Nvidia · China · Donald Trump · Wall Street · Jensen Huang · Elon Musk · The Guardian Technology
Nvidia’s revenue blows past Wall Street expectations as AI boom accelerates
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Nvidia continued its years-long streak of beating Wall Street’s expectations for growth on Wednesday, reassuring most investors that the AI boom, particularly the global explosion of datacenters, will continue apace.
Key facts
- Still, Nvidia blew past analysts’ expectations of $78.86bn in revenue for the first quarter of 2026, securing $81.62bn for the quarter
- On Wednesday, the chip maker reported 92% year-over-year growth of this vertical to a record $75.2bn
- In December, the Trump administration allowed Nvidia to export H200 AI chips to China, with the US collecting a 25% fee on these sales
- US tech giants are collectively planning to spend some $750bn this year on AI infrastructure, a significant portion of which will go towards chips for datacenters
Summary
“The buildout of AI factories, the largest infrastructure expansion in human history, is accelerating at extraordinary speed,” said Nvidia’s CEO, Jensen Huang, in a statement. Many analysts view Nvidia’s financial performance as a broader referendum on the AI buildout. A major portion of Nvidia’s revenue comes from its datacenter business. Still, Nvidia blew past analysts’ expectations of $78.86bn in revenue for the first quarter of 2026, securing $81.62bn for the quarter.