By https://www.abc.net.au/news/adelaide-miller/102482222
Publication Date: 2026-05-21 01:22:00
The world’s most valuable company, tech giant Nvidia, reported record revenue of $81.6 billion ($114.17 billion) in its first-quarter results, up 85 percent from the same period last year.
However, second-quarter revenue forecast left investors unimpressed, despite beating Wall Street’s expectations by billions.
June sales are forecast to be $91 billion, compared to estimates of $86.84 billion.
The company is headquartered in California and has a market capitalization of $5.4 trillion.
“The expansion of AI factories – the largest infrastructure expansion in human history – is progressing at an extraordinary pace,” Nvidia CEO Jensen Huang said in a statement.
“Agentic AI has arrived, doing productive work, creating real value and scaling quickly across companies and industries.“
Jensen Huang says AI factories are “the largest infrastructure expansion in human history.” (Reuters: Mike Blake)
The results are driven by the company’s AI chips, which dominate in data centers…
