Shares of AI Chipmaker Nvidia Surge 5 Percent in After-Hours Trading on Solid Earnings

‘Global demand for Nvidia’s AI infrastructure is incredibly strong,’ said company CEO Jensen Huang.

The logo of NVIDIA at its corporate headquarters in Santa Clara, Calif., in May 2022. Courtesy of NVIDIA/Handout via Reuters

Shares of AI chipmaker Nvidia surged more than 5 percent in after-hours trading on May 28 after the tech titan reported better-than-expected earnings and revenues.

The company recorded revenues of $44.06 billion, higher than the market estimate of $43.31 billion. Earnings per share came in at 96 cents, slightly above the consensus forecast of 93 cents.