Nvidia (NVDA) is a Santa Clara-based semiconductor and accelerated computing powerhouse that has done something no company in history has achieved quite so dramatically: it developed the technology the world needs most at the exact moment the world needs it most. Founded in 1993 by CEO Jensen Huang, Nvidia both popularized and pioneered the GPU in the 90s. And has since built the most complete, most defensible AI infrastructure platform on Earth, spanning Blackwell and Vera Rubin compute architectures, NVLink interconnects, the CUDA software ecosystem, DGX AI supercomputers, Omniverse, and the emerging physical AI and robotics stack.
Nvidia Stock Stumbles Near Term
NVDA trades around the $195 mark, with the stock down 6% over the past month and about 1% for the week, though shares remain up nearly 26% over the past year, holding within a 52-week range of $151.49 to $236.54. Despite recent weakness tied to AI valuation concerns, Nvidia continues trading near record highs reached earlier this spring, with a market capitalization exceeding $4.6 trillion.
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Compared with the broader S&P 500 Information Technology Sector ($SRIT), which has climbed roughly 19% year-to-date (YTD) on AI-driven semiconductor strength, Nvidia’s recent pullback suggests the stock has underperformed its tech peers in the near term, even as it remains the index’s largest weighted component at nearly 8%.
Nvidia Posted Strong Q1 Results
Nvidia delivered Q1 FY2027 revenue of $81.62 billion, up 85% year-over-year (YoY), surpassing the analyst consensus of approximately $78.8 billion, while diluted EPS of $1.87 surged 140% YoY and 18% sequentially, comfortably beating the $1.77 Street estimate. Data Center revenue hit a record $75.2 billion, up 92% YoY and 21% sequentially, driven by surging Blackwell GPU demand from hyperscalers, neoscalers, sovereign AI deployments, and enterprise customers simultaneously scaling their AI factories at unprecedented speed.
Non-GAAP gross margins came in at 75%, dramatically recovering from Q1 FY2026’s 61%, which had been severely depressed by a $4.5 billion H20 export charge, while core operating profit surged 147% YoY to a 65.6% operating margin. Nvidia announced an $80 billion expansion of its share buyback authorization and raised its quarterly dividend to $0.25 per share, while Vera CPU revenues are expected to contribute meaningfully starting Q3 FY2027, with the company guiding for over $20 billion in CPU revenue this fiscal year.
