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Nvidia Stock Jumps in Premarket Trading After Chipmaker Reports Record Revenue

The white and green Nvidia logo is seen on a black wall.
Nvidia reported solid first-quarter reꦐsults after the bell oꦅn Thursday, May 28.

I-Hwa Cheng / AFP / Getty Images

Key Takeaways

  • Nvidia shares rose 6% in premarket trading Thursday, a day after the tech giant's first-quarter revenue topped analysts' expectations.
  • Sales hit a record high, even as Nvidia said it was missing out on billions in additional revenue due to limits of its most advanced chips that can be exported to China.
  • JPMorgan analysts said rising demand for and supply of Nvidia's latest products is a positive sign for server makers like Dell and HP Enterprise.

Nvidia (NVDA) 澳洲幸运5开奖号码历史查询:shares rose 6% in premarket trading Thursday, a day after the tech giant 澳洲幸运5开奖号码历史查询:reported record revenue that topped analysts' expectations.

However, the 澳洲幸运5开奖号码历史查询:chipmaker's results took a hit due to U.S.-imposed limits𝓰 on the number of its most advanced chips that it could export to China, which CEO Jensen Huang said is costing Nvidia billions in missed revenue.

JPMorgan analysts on Friday said the results provide a "positive read-through" for the results and outlooks of server vendors like Dell (DELL) and HP Enterprise (HPE), as demand and supply of Nvidia's newest products on the Blackwell platform both grow. Dell reports results after the bell Thursday, while HP Enterprise is set to post its quarterly figures next Tuesday, June 3.

Investors will get two more chances to hear from Huang in the next month, at an industry conference and at Nvidia's annual investor day on June 25. Nvidia shares were trading at $142.81 premarket, on pace to register their highest open since late January.

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  4. JPMorgan. "Nvidia Results Read-Through: Positive Read-Through to Server Vendors - DELL & HPE."

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