Nvidia delivered an earnings beat. See the key numbers.

In a notable financial report, Nvidia exceeded expectations in both revenue and profit for its fiscal first quarter. However, the company's stock experienced volatility in after-hours trading, particularly as it once again omitted any projections related to the Chinese market for the upcoming quarter. As one of the leading players in the semiconductor industry, Nvidia holds a significant influence over the AI sector. The chip giant announced an impressive $80 billion stock buyback program and raised its quarterly dividend from a mere penny to 25 cents per share. Nvidia's CFO highlighted the absence of shipments of its Hopper data center products to China during the quarter, a stark contrast to the $4.6 billion recorded in the same period last year. "We are not factoring in any Data Center compute revenue from China in our forecasts," the CFO stated. CEO Jensen Huang previously mentioned that Nvidia's market share in China had plummeted to zero, despite earlier predictions that the Chinese AI market could be worth $50 billion annually. Huang's previous remarks hinted at a potential opening of the Chinese market over time, following his participation in President Donald Trump's state visit to China. Nvidia's financial performance and future strategies will be further elaborated during the earnings call scheduled for 5 p.m. ET, where Huang and Kress are expected to address inquiries from analysts. Despite Nvidia’s recent successes, competition is intensifying. Rivals like Advanced Micro Devices (AMD) have made significant strides, forming partnerships with major players such as Meta and OpenAI. Additionally, Amazon has indicated plans to introduce its own AI chips, creating a direct challenge to Nvidia’s dominance. Earlier this week, Google also announced a joint venture with Blackstone to provide AI computing access using its TPU chips. Since the beginning of 2026, Nvidia's stock has surged over 15% as renewed enthusiasm for AI technologies propels the market forward. This story is still unfolding.