NvidiaThe latest financial report released recently has achieved remarkable results, surpassing market expectations. The company's market value and founderJen-Hsun HuangHuang Renxun's personal wealth also soared. After the financial report was released, Nvidia's stock price broke through the $1,000 mark for the first time, with a market value approaching $2.6 trillion, and Huang Renxun's net worth reached $91 billion, making him the 17th richest person in the world.
In terms of detailed data, Nvidia achieved revenue of $26 billion in the first quarter, a month-on-month increase of 18% and a year-on-year increase of 262%. Net profit reached $14.88 billion, a year-on-year increase of 628%, showing strong profitability. It is expected that revenue in the second quarter will reach $28 billion, far exceeding the market expectation of $26.61 billion.
It is worth mentioning that Nvidia's core growth driver comes from its data center business. Of the $26 billion in revenue, the data center business contributed $22.26 billion, breaking the historical record again and increasing by 427% year-on-year. The strong performance of this business fully demonstrates Nvidia's leading position in artificial intelligence and cloud computing.
As Nvidia's performance continues to grow and its market value continues to rise, some media predict that Nvidia is expected to surpass Apple to become the world's most valuable company. At the same time, Huang Renxun's personal wealth is also growing rapidly, and it is expected to surpass Tesla CEO by 2025 at the earliest.Musk,becomeThe world's richest man.