Nvidia reported record first-quarter revenue of $81.6 billion, an 85% year-over-year increase, with Data Center revenue alone hitting $75 billion — up 92% and also a record. The company authorized an $80 billion share buyback program and raised its quarterly dividend from $0.01 to $0.25 per share. Forward guidance came in ahead of consensus estimates, though some investors had priced in an even more aggressive outlook, contributing to volatile post-earnings trading.
Nvidia's results confirm that AI infrastructure spending by hyperscalers — Microsoft, Google, Amazon, Meta — remains at full throttle, which is directly supportive of the broader semiconductor and AI supply chain. The $80 billion buyback reduces share count over time, mechanically supporting the stock price. However, the exclusion of China from forward guidance caps the upside narrative and explains why the stock reaction was muted despite objectively exceptional numbers.
May 28, 2025: Nvidia's post-earnings analyst calls and any updated price targets from major banks. June 11, 2025: US CPI inflation report — affects how aggressively the Fed might cut rates, which matters for high-valuation tech stocks. June 17-18, 2025: Next FOMC meeting and rate decision.
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