Nvidia's Results Beat Wall Street Expectations, but Its Shares Fall

Nvidia again posted financial results that beat Wall Street expectations. The surge in the US chipmaker’s performance was supported by strong demand for artificial intelligence (AI) chips. Nvidia reported net income of US$58.32 billion in the quarter February to April 2026. The figure is equivalent to around Rp 1,031 trillion at an exchange rate of Rp 17,687 per US dollar. The result was up sharply from the same period last year of US$18.78 billion or around Rp 332.2 trillion. Earnings per share were US$2.39. Nvidia’s revenue also jumped 85 percent to US$81.62 billion or around Rp 1,443 trillion. In the same period last year, Nvidia revenue was US$44.01 billion or about Rp 778.5 trillion. The results exceeded Wall Street analysts’ expectations. A FactSet poll previously projected Nvidia would report EPS of US$1.75 and revenue of about US$78.91 billion. Nvidia’s performance has continued to draw market attention since its AI chips became the backbone of a three-year AI boom. Nvidia CEO Jensen Huang said AI infrastructure demand remains very strong. ‘The construction of AI factories and the expansion of the largest infrastructure in human history is accelerating at an incredible pace,’ Huang said in a statement. The company’s operating expenses rose 49 percent to US$7.75 billion or around Rp 137.1 trillion. Nevertheless, the market still sees Nvidia’s outlook as robust. For the current quarter, Nvidia projected revenue of around US$91 billion or about Rp 1,609 trillion, higher than analysts’ expectations of around US$87.29 billion. However, the strong results have not fully reassured investors. Nvidia’s shares fell slightly after regular trading ended. The stock traded down to US$222.12 after closing at US$223.47. The market began to worry that the AI boom of the past three years might be approaching a slowdown.