Nvidia shares rise after-hours on record $96.2B quarter

Nvidia reported record quarterly revenue of $96.2 billion and its shares climbed in after-hours trading after the market close. The company released results once the regular session ended and investors traded the stock in extended hours.

The revenue increase came mainly from sales of processors and related hardware used in artificial intelligence and data-center applications. Cloud providers and large enterprises building AI systems accounted for a substantial portion of the quarter’s sales.

Company executives attributed the quarter’s performance to sustained demand for GPUs and systems tailored for generative AI workloads, high-performance computing and enterprise data-center deployments. Customers deploying large language models and other AI services increased purchases of Nvidia accelerators and its software stack.

The earnings package highlighted the growing contribution of Nvidia’s data-center business to total revenue, reflecting a shift toward higher-margin AI hardware and software offerings. The company described supply-chain alignments, customer adoption trends and product deployments that supported the quarter’s results.

Investors reacted to the headline revenue number and to management’s forward-looking comments provided in the earnings release and conference call. The after-hours price movement followed market assessment of near-term demand for AI infrastructure.

Founded in 1993, Nvidia started as a graphics-chip maker and has expanded into accelerators for AI and high-performance computing. Recent quarters have shown rapid revenue growth tied to generative AI and increased spending on data-center infrastructure.