Nvidia continued its streak of outperforming Wall Street expectations on Wednesday, reporting strong quarterly results that reinforced investor confidence in the ongoing global expansion of artificial intelligence infrastructure.
The company posted first-quarter revenue of 81.62 billion dollars, comfortably surpassing analysts’ forecasts of 78.86 billion dollars. Earnings also exceeded expectations, with Nvidia reporting 1.87 dollars per share compared with the projected 1.76 dollars.
A major driver behind the performance was Nvidia’s datacenter business, which grew 92 per cent year-on-year to a record 75.2 billion dollars. The division remains central to the company’s dominance in the AI sector, supplying chips, software and infrastructure used by major technology firms to build and operate AI systems.
‘The buildout of AI factories—the largest infrastructure expansion in human history—is accelerating at extraordinary speed,’ CEO Jensen Huang said in a statement. Huang added that so-called ‘agentic AI’ systems capable of carrying out productive tasks autonomously were already generating tangible business value and rapidly scaling across industries.
Nvidia has become the world’s most valuable company, with a market capitalization of roughly 5.4 trillion dollars. Major US technology companies are expected to collectively spend around 750 billion dollars on AI infrastructure this year. A large sum of it is directed toward datacentre chips and computing systems. Despite growing competition from companies such as Amazon and Google, Nvidia continues to dominate the semiconductor market tied to AI expansion.
The company is also pursuing international growth opportunities. Last week, Huang joined Elon Musk and Donald Trump aboard Air Force One during a trip to China, where discussions reportedly included the future of AI chip exports.
Although the Trump administration approved exports of Nvidia’s H200 AI chips to China last year—with the US government collecting a 25 per cent fee on sales—uncertainty remains over whether Chinese authorities will permit broader adoption of American AI technology.
‘The Chinese government has to decide: how much of their local market do they want to protect?’ Huang said in a recent interview with Bloomberg Television.
Nvidia’s chief financial officer Colette Kress said during Wednesday’s earnings call that the company had not yet generated revenue from the approved chip exports and that the future of sales to China remained unclear. Nvidia also stated in its outlook that it does not currently expect datacentre revenue from the Chinese market. At the same time, Nvidia is expanding its presence elsewhere in Asia. Singapore announced on Wednesday that the company will establish a new AI research hub in the country focused on improving the efficiency of AI infrastructure.
Earlier this year, Nvidia unveiled its upcoming Vera Rubin AI platform, which is expected to launch in the second half of 2026. The company described the system as a ‘generational leap’ that could trigger another major wave of infrastructure investment. ‘My sense is we will be supply-constrained throughout the entire life of Vera Rubin,’ Huang said.
Executives from OpenAI and Anthropic have previously said Nvidia’s computing infrastructure is essential for training and operating advanced AI models safely and at scale.
‘The world is rebuilding computing for agentic AI and robotic physical AI,’ Huang said. ‘Nvidia sits at the centre of these transitions.’
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