Nvidia revenue jumps 85% as shares slip (opens in new tab)

Nvidia reported record quarterly revenue of $81.6 billion for the quarter ended April 26, up 85% from a year earlier, as demand for AI computing hardware lifted its data-center business. Net profit rose to $58.3 billion, up 211% from a year earlier, and revenue beat analyst estimates cited by several publications. The company forecast about $91 billion in revenue for the current quarter, above Wall Street estimates cited by Bloomberg-linked and technology publications. Its shares slipped as i...