Late Wednesday, the graphics-chip maker said its first-quarter sales crushed Wall Street's targets, mostly due to record data-center sales. The company earned an adjusted $1.09 a share on sales of $7.19 billion. Analysts polled by FactSet had expected 92 cents a share and $6.53 billion in sales. In the year-earlier period, Nvidia earned $1.36 a share on sales of $8.29 billion. It is projecting record sales for the current quarter and a recovery after consumer demand hit its core videogaming business.

Source: Wall Street Journal May 26, 2023 11:09 UTC