NVIDIA's Q1 revenue exceeds expectations, stock price rises 5% after hours.

NVIDIA's overall revenue in the first quarter increased by 69% year-on-year to reach $44.1 billion, higher than the market's expected $43.1 billion. Data center revenue increased by 73% year-on-year to reach $39.1 billion, accounting for 88% of total sales. NVIDIA's stock rose by 5% after hours. So far this year, the company's stock price has remained relatively stable, while it nearly doubled last year. NVIDIA stated that excess inventory of H20 chips in the first quarter resulted in a cost of $4.5 billion, and if not for the restrictions, the company should have recorded an additional $2.5 billion in sales. Earlier, NVIDIA CEO Huang Renxun had predicted that the revenue impact related to export restrictions on H20 chips would be around $15 billion. NVIDIA stated in its financial report that excluding the sales losses caused by recent export restrictions on its H20 chips, its performance expectations would be about $8 billion higher. NVIDIA expects revenue in the second quarter to be $45 billion, with a fluctuation of 2% up or down, while the market is expecting $45.9 billion.