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Nvidia reported strong first-quarter results, surpassing analysts’ expectations, driven by continued demand for artificial intelligence processors from major global technology companies, according to Reuters.

The company indicated that revenue for the current quarter is expected to exceed the market’s average forecasts, as adoption of AI capabilities continues to accelerate across data centers worldwide.

Despite the robust performance, Nvidia’s shares traded flat in after-hours trading, reflecting investors’ expectations of consistently strong earnings. The company has now delivered strong results for 14 consecutive quarters, and the lack of surprise may have led to muted market reaction.

Chief Executive Officer Jensen Huang stated that training AI models is becoming the foundation of future computing, reaffirming Nvidia’s commitment to building the infrastructure required for what he described as an “irreversible” technological shift.

Nvidia also confirmed it has secured sufficient production capacity and chip supply to meet demand over the coming quarters, although current supply constraints may weigh on its gaming segment.

The company forecast first-quarter revenue of $78 billion, plus or minus 2%, compared with analysts’ estimates of $72.6 billion, marking a significant increase over prior sales. Revenue for the quarter ended in January reached $68.13 billion, up 94% year-on-year, exceeding market expectations of $66.21 billion, while adjusted earnings per share came in at $1.62, versus estimates of $1.53.

Nvidia continues to rely heavily on a limited number of major customers, with two clients accounting for 36% of total sales in the most recent fiscal year, compared with three clients contributing 34% the year before. Competition remains intense from firms such as AMD and Google, which are developing in-house AI chips to meet rising demand from companies including Meta.

Despite previous U.S. restrictions on exports to China, Nvidia recently received licenses to ship limited quantities of its H200 chip, enabling it to expand its footprint in the Chinese market.

These results are widely viewed as a strong signal that major technology firms continue to invest heavily in AI and data center infrastructure, reinforcing Nvidia’s role as a cornerstone partner in this rapidly expanding sector.