Nvidia's Q1 revenue increased by 69% year-on-year, reaching $44.1 billion, higher than expected Nvidia's overall revenue in the first quarter increased by 69% year-on-year, reaching $44.1 billion, higher than the market expectation of $43.1 billion. Data center revenue increased by 73% year-on-year, reaching $39.1 billion (market expectation of $39.3 billion), accounting for 88% of sales. Nvidia rose 5% after trading. So far this year, the company's stock price has remained relatively stable, while last year's stock price nearly doubled. Nvidia stated that the excess inventory of H20 chips in the first quarter resulted in a cost of $4.5 billion, and if not restricted, the company should have recorded an additional sales of $2.5 billion. Nvidia CEO Huang Renxun had earlier estimated that the revenue impact related to H20 chip export restrictions would be approximately $15 billion. Nvidia stated in its financial report that if the sales losses caused by recent export restrictions on its H20 chip are not taken into account, its performance expectations will be about $8 billion higher. Nvidia expects its second quarter revenue to be $45 billion, with a fluctuation of 2%, and the market expectation is $45.9 billion.