NVIDIA's Q1 net profit surged 628% year-on-year, with the stock price breaking through $1000 after hours

Nvidia announced its financial results for the first quarter of the 2025 fiscal year, with both sales and profits exceeding expectations. The first quarter revenue reached $26 billion, a year-on-year increase of 262%; net profit was $14.88 billion, a year-on-year increase of 628%. The company expects second quarter revenue to reach $28 billion. The stock price rose nearly 7% after hours, breaking through $1000. Nvidia announced a stock split and increased quarterly dividends. With giants like Google purchasing Nvidia GPUs, data center sales increased by 427% year-on-year. The company's CFO stated that there is a shortage of new chip supply, which may continue into next year