Explore the latest developments concerning NVIDIA Q1 FY.
Nvidia to report Q1 earnings, as chip stocks soar on AI strength
AI heavyweight Nvidia (NVDA) will report its first quarter results on May 20, in what is easily one of the most anticipated announcements of the earnings season.
Nvidia’s results come as CEO Jensen Huang travels to China with President Trump for his summit with Chinese President Xi Jinping, helping to push the company’s stock to all-time highs and sending its market capitalization to $5.5 trillion.
Investors are watching the action in China to see if Trump and Xi can reach an agreement on shipping Nvidia’s chips to China. Nvidia has said that while the US government has granted the company a license to ship its H200 processors to the country, China hasn’t granted Nvidia an import license.
Nvidia stock hits an all-time high on new AI bullishness from Wall Street analysts
The top US AI chipmaker saw shares surge as much as 3% to a high of $227.84 before paring the gain slightly to close at $225.83. The rally pushed its market capitalization above $5.5 trillion.
Analysts on Wednesday debuted a fresh batch of bullish outlooks for the company as well as the wider AI trade through the rest of this decade. The optimism around Nvidia stock is also building ahead of the company's earnings report on May 20.
Nvidia's fresh record comes as the chipmaker's CEO Jensen Huang joins President Trump in Beijing as part of the US delegation at the US-China summit.
Analysts at Bank of America and Wells Fargo boosted their price targets for the stock ahead of Nvidia's fiscal first quarter results next Wednesday.
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