Nvidia stock hits $141.3 after strong earnings

Nvidia's stock closed up 4.87% at $141.3 in New York trading following the release of its strong Q1 financial report, Kursiv reported.

By early May, the company had generated $44.1 billion in product sales, surpassing analysts’ expectations of $43.3 billion. Gaming hardware sales alone reached $3.8 billion compared to a forecast of $2.8 billion.

CEO Jensen Huang noted that global demand for Nvidia’s AI solutions is rapidly increasing.

However, the Trump administration has effectively shut Nvidia out of the Chinese market due to new restrictions. Deliveries of processors and data center equipment were blocked, forcing the company to write off $4.5 billion in assets.

According to Emarketer analyst Jacob Born, Nvidia must navigate geopolitical, competitive, and economic challenges to maintain its market leadership.

As of 11:30 Tashkent time, Nvidia shares had slightly dipped by 0.51% to $134.8. Read 'Zamin' on Telegram!