The Nvidia (NASDAQ:NVDA) stock was up almost 5% in premarket trading on Thursday after the AI giant posted a 69% year-over-year (YoY) jump last night in fiscal Q1 revenue to £32.72 billion ($44.06 billion) from £19.34 billion ($26.04 billion). Earnings per diluted share increased 27% YoY to £0.56 ($0.76) from £0.45 ($0.60).
The tremendous feat was driven by a 73% YoY increase in data centre revenue to £29.04 billion ($39.1 billion). During the quarter, the company announced building AI factories in the US to manufacture AI supercomputers as well as introduced the Nvidia Blackwell Ultra to scale AI reasoning models. Nvidia also announced partnerships with Alphabet and Google to advance agentic AI solutions.
