On May 29, Nvidia unveiled its first-quarter financial results, showcasing a robust 69% year-over-year revenue growth, amounting to $44.1 billion. This figure surpassed market anticipations of $43.1 billion. Within this total, the data center business segment recorded a 73% year-over-year revenue increase, reaching $39.1 billion, which narrowly missed market forecasts of $39.3 billion but accounted for an impressive 88% of overall sales. Following the report's release, Nvidia's share price surged 5% in after-hours trading. In contrast to last year's near-doubling, the company's share price has remained relatively stable since the start of 2023. Notably, Nvidia disclosed incurring $4.5 billion in expenses due to excess inventory of H20 chips in the first quarter. The company estimated it could have achieved an additional $2.5 billion in sales had it not been for export restrictions on these chips. CEO Jen-Hsun Huang had previously predicted that these restrictions would lead to a revenue shortfall of approximately $15 billion. Nvidia clarified that excluding the sales loss attributed to the export restrictions on H20 chips, its revenue guidance would have been approximately $8 billion higher. Looking ahead, Nvidia projects second-quarter revenue to be $45 billion, with a 2% fluctuation range, slightly undercutting market expectations of $45.9 billion.