NVIDIA's Q1 revenue exceeded expectations, and the stock price rose 5% after hours.

Golden Ten Data reported on May 29 that Nvidia (NVDA.O)'s overall revenue in the first quarter increased by 69% year-on-year to $44.1 billion, higher than the market expectation of $43.1 billion, and data center revenue increased by 73% year-on-year to $39.1 billion (market expectation of $39.3 billion), accounting for 88% of sales. Nvidia rose 5% after hours. So far this year, the company's share price has been relatively flat, compared to a nearly three-fold increase in the last year. Nvidia said that the excess H20 chip inventory in the first quarter incurred $4.5 billion in expenses, and the company would have recorded additional sales of $2.5 billion if it had not been restricted. Nvidia CEO Jensen Huang had earlier estimated that the revenue impact associated with the H20 chip export restrictions would be about $15 billion. Nvidia said in its earnings report that its performance expectations would be about $8 billion higher if it did not take into account the sales losses caused by the recent export restrictions on its H20 chips. Nvidia expects second-quarter revenue of $45 billion, plus or minus 2%, compared to the consensus of $45.9 billion.