Nvidia (NASDAQ: NVDA) reported a 69% increase in revenue for Q1, totaling over $44 billion, exceeding analyst expectations. This announcement came on May 28 amid strong demand for its new Blackwell architecture, which supports AI inferencing. Nvidia’s CEO, Jensen Huang, indicated that the company is poised for significant future growth.
On June 25, Nvidia will hold its annual meeting of stockholders, where key agenda items include the election of directors and executive compensation approval. Historical data shows Nvidia’s stock typically declines after such meetings, despite positive earnings announcements. In the two weeks after the May earnings report, Nvidia’s stock rose about 6%.
Investors are contemplating whether to buy shares before the annual meeting, though historical trends suggest waiting may be prudent. Nvidia remains a leading player in the AI sector, making it a long-term investment consideration.
