Nvidia shares rally 5% after earnings, outlook top Street view

Nvidia Corp. shares surged in the extended session Thursday after the graphics-chip maker's first-quarter results and outlook topped Wall Street expectations. Nvidia shares rose 5.3% to $37.41 after hours. The company reported adjusted first-quarter earnings of 46 cents a share on revenue of $1.31 billion. Analysts surveyed by FactSet had forecast earnings of 31 cents a share on revenue of $1.26 billion. For the second quarter, Nvidia expects revenue of $1.32 billion to $1.38 billion, while analysts estimate $1.28 billion.

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