Nvidia Q1 results surpass Wall Street expectations thanks to massive AI chip demand

Artificial intelligence (AI) chipmaker Nvidia's quarterly results surpassed Wall Street's expectations once again, fuelled by massive demand for its high-end AI chips.
The company said on Wednesday it earned US$58.32 billion, or US$2.39 per share, in the February-April period, up from US$18.78 billion, or 76 cents per share, in the same period a year earlier. Excluding one-time items, Nvidia earned US$1.76 per share.