Nvidia Q1 results surpass Wall Street expectations thanks to massive AI chip demand (opens in new tab)

Artificial intelligence chipmaker Nvidia's quarterly results surpassed Wall Street's expectations once again, fueled by massive demand for its high-end AI chips. Excluding one-time items, Nvidia earned $1.76 per share. Nvidia's results have exceeded the analyst projections that shape investors’ perceptions since Nvidia’s high-end chips emerged as AI’s best building blocks three years ago.