Nvidia Reports Significant Revenue Growth in Q1
Nvidia Corporation (NASDAQ: NVDA) reported first-quarter revenue of $81.6 billion, marking an 85% increase year-over-year. The company’s data center revenue reached $75.2 billion, a 92% rise compared to the same period last year.
Over the past five years, Nvidia’s stock has posted an average annual return of 67.76%, turning a $10,000 investment into more than $130,000. The company’s forward-looking price-to-earnings ratio stands at 25.6, below its five-year average of 36.1, suggesting it may still be attractively valued for investors.
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