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Nvidia’s inventories are lower, with rising costs offsetting the data center’s jump



Nvidia Corp (NVDA) – Get a report shares rose on Friday as tensions in the United States and China pressed global markets, offsetting a solid first-quarter earnings report that included more than $ 1 billion in data center chip sales and improved profit margins.

Nvidia said non-GAAP earnings for the three months ending April 26 were returned at $ 1.80 per share, more than twice last year’s amount and firmly ahead of Street’s 1-consensus forecast. $ 69 per share. The group’s revenue, driven by 80% year-on-year in data center chip sales, rose 38.7% to forecasts, beating $ 3.08 billion.




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