https://wccftech.com/nvidia-posts-phenomenal-quarter-amidst-covid-slowdown-data-center-tops-1-billion-for-the-first-time/

NVIDIA just posted an incredible first quarter for fiscal year 2021 amidst coronavirus-induced uncertainty with revenue up 39% year-over-year and flat quarter-over-quarter. The company's data center ventures topped $1 billion in revenue for the first time and (NASDAQ:NVDA) introduced its brand new Ampere-based A100 GPU. They expect to come out swinging later this year with a full-blown 7nm launch. The stock market reaction was neutral to cool in after-hours trading with the stock continuing on a slightly downward trend and docking 2.17% off the market cap. This is because most of this information has already been priced in the major rally seen since March 13, 2020.

Very few companies have been able to maintain their momentum in what is essentially a global economic halt as well as a pandemic. Even less managed to post strong results that beat Wall Street estimates. NVIDIA is a seasonal business and their posted quarter comfortably beats the non-COVID comparable-quarter of Q2 FY2020 from last year - which is phenomenal.