The company reported record overall revenue of $81.6 billion and record data center revenue of $75.2 billion, driven by continued demand for its chips in AI data centers. Nvidia says its next-generation Vera Rubin AI chip is “on track for the second half of this year, starting in Q3,” but noted that PC sales are down due to the RAM shortage and price hikes. [Link: NVIDIA Announces Financial Results for First Quarter Fiscal 2027 | https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-first-quarter-fiscal-2027 | NVIDIA Newsroom]

Nvidia is reporting its first-quarter results after the market closes. The conference call with analysts is scheduled for 5 p.m. ET.

Nvidia's soaring revenue highlights the escalating demand for AI infrastructure, raising questions about sustainability and geopolitical risks.

Chip giant Nvidia on Wednesday posted record quarterly revenue of $81.6 billion, blowing past Wall Street forecasts as insatiable demand for its artificial intelligence hardware…

It expects “revenue of US$91 billion, plus or minus 2 per cent,” the company said.