Nvidia’s Q1 FY21 results

Nvidia beat Wall Street’s expectations with their financial report and saw increases from all reporting segments. Revenue for the first quarter was $3.08 billion, up 39%from $2.22 billion a year earlier, and down 1% from $3.11 billion in the previous quarter. The company’s Graphics business revenue was $1.9 billion, down 9% from last quarter, but that’s a 25% increase from last year. The quarter was the first increase in year-over-year sales since Q3’18. “Nvidia had an excellent quarter. The acquisition of Mellanox expands our cloud and data center opportunities. We raised the bar for AI computing with the launch and