The stock is up over 50% on the year, not including Thursday's after-hours move.
Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company's event at Mobile World Congress Americas in Los Angeles, California, U.S., on Monday, Oct. 21, 2019.reported first-quarter earnings after the bell on Wednesday.
"COVID-19 created challenges in supply and demand. Early in the quarter, our partners' supply chains were Last year during its first fiscal quarter, Nvidia reported earnings per share of $0.88 on revenue of $2.22 billion. Nvidia is best known for making graphic processing units. Its gaming segment was up 25% year-over-year to $1.9 billion, the company said. But its fastest growing segment is related to its chips for data centers, which are used for computationally intensive tasks, such as machine learning. Nvidia said that segment grew 69% year-over-year, topping $1 billion for the first time with revenue of $1.17 billion.
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