Nvidia’s (NVDA) shares fell 1% in Thursday’s pre-market session despite the chipmaking giant’s solid first-quarter earnings and analysts’ price target boosts in response. However, TipRanks’ Crowd Wisdom tool shows that more investors are betting on the chip designer compared to its Magnificent Seven peers.Meet Samuel – Your Personal Investing ProphetStart a conversation with TipRanks’ trusted, data-backed investment intelligence
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Nvidia Tops Q1 2027 Earnings Expectations
During the quarter, which ended on April 26, Nvidia’s sales and earnings per share (EPS) surpassed Wall Street’s expectations. Its sales climbed by 85% from the year-ago quarter to $81.6 billion, while its EPS grew by a much more massive 131% to $1.87.
However, investors in Nvidia’s shares — which are up roughly 20% since the start of the year — gave a muted response to the earnings, likely spooked by Nvidia’s warning of future supply constraints for its upcoming Vera Rubin AI system and uncertainty around the exports of its AI chips to China.
