Processor and graphics chip giants kicked off Q1 with a bang, smashing revenue estimates by nearly 5% and eyeing even stronger growth ahead. Nvidia led the charge with an eye-popping 85% year-over-year revenue surge, fueling its CEO’s bold claim of building “AI factories” — the largest infrastructure push in history — though its stock dipped slightly amid investor hunger for more. Lattice Semiconductor also soared with 40% revenue growth, powered by its AI-boosting chips, yet its shares fell modestly post-report. Qualcomm, meanwhile, saw a slight revenue dip and missed next-quarter guidance — yet its stock rallied unexpectedly. Penguin Solutions delivered the biggest earnings beat of the group with nearly 48% growth, while Qorvo lagged with the weakest performance. The market’s reaction? A mixed bag — some stocks rose, others fell — but overall, the tech sector’s momentum remains strong.
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