Tech giant posts massive 69% increase in revenue despite $4.5bn inventory writedown
Shares in Nvidia rose nearly 5% in after-hours trading on Wednesday after the company posted first-quarter earnings that beat market expectations, despite a substantial revenue loss stemming from tightened US export restrictions on chip sales to China. For the fiscal first quarter of 2026, Nvidia reported total revenue of $44.1 billion (£34.8 billion), up 69%
