Nvidia's Q1 Results Were Great, but This AI Stock Could Be a Bigger Winner

All eyes were on Nvidia (NASDAQ: NVDA) once again on Wednesday when the artificial intelligence (AI) leader released its first-quarter earnings report, and it did not disappoint. Overall revenue jumped 69% from the quarter a year ago to $44.1 billion, which beat estimates at $43.3 billion. The company posted another round of blistering growth in the data center segment, where it's driving the AI revolution. Data center revenue jumped 73% to $39.1 billion.Further down the income statement, gross margin -- adjusted for a $4.5 billion write-down for its H20 chips that were designed for the Chinese market -- was 71.3%. On the bottom line, the company reported adjusted earnings per share of $0.81, beating the consensus. Without the H20 charge, Nvidia would have reported $0.96 in adjusted earnings per share.Looking ahead to the second quarter, Nvidia again faces the sting of the chip export restrictions, but it is still calling for $45 billion in revenue ($8 billion lower than it would have been without the chip export restrictions).Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool