Nvidia is the darling of Wall Street as it announced its latest quarterly financial results. In short, the company is a money printing machine, beating analyst’s estimates. Its reported revenues were even higher than those from its stellar Q3 2024 earnings report.
According to its press release, Nvidia generated $26 billion in revenue over the first quarter of 2024, up 18% from the previous quarter and a massive 262% increase from a year ago. As expected, the big bucks came from its data center business and surging AI demand, which made up $22.6 billion of the overall $26 billion in revenue. That’s an increase of 23% over the previous quarter and a hard-to-believe 427% increase from a year ago.
These results saw the shares of Nvidia hit over $1,000 in after-hours tradi…