Nvidia's Q1 revenue exceeded expectations, and its stock price rose 5% after the market closed.

Odaily News Nvidia (NVDA.O)'s overall revenue in the first quarter increased by 69% year-on-year to $44.1 billion, higher than the market expectation of $43.1 billion. Data center revenue increased by 73% year-on-year to $39.1 billion (market expectations of $39.3 billion), accounting for 88% of sales. Nvidia rose 5% after the market. So far this year, the company's stock price has been relatively flat, while last year's stock price rose nearly three times. Nvidia said that the excess inventory of H20 chips in the first quarter incurred $4.5 billion in expenses, and if it had not been restricted, the company would have recorded an additional $2.5 billion in sales. Nvidia CEO Huang Renxun had earlier estimated that the revenue impact related to the export restrictions on H20 chips would be about $15 billion. Nvidia said in its financial report that if the sales losses caused by the recent export restrictions on its H20 chips were not taken into account, its performance expectations would be about $8 billion higher. Nvidia expects second-quarter revenue of $45 billion, up or down 2%, and the market expectation is $45.9 billion. (Jinshi)