Overview

• Nvidia’s shares jumped over 2% to an all-time high near $164, lifting its market value above $4 trillion for the first time.
• The company reported Q1 revenue of $44.1 billion, a 70% year-on-year increase, and reiterated guidance of $45 billion for Q2.
• Nvidia’s GPUs remain the foundation for leading large language models and generative AI applications that have driven its rapid valuation gains.
• U.S. export controls on its H20 chips bound for China are forecast to cost the company about $8 billion in sales.
• With a 7.3% weighting on the S&P 500, Nvidia has become the index’s largest component and a key driver of broader market performance.