NVIDIA (NVDA) shares rose on May 21, 2026, after the company reported fiscal first-quarter revenue of $81.6 billion. This result significantly exceeded Wall Street estimates.
The chipmaker authorized a new $80 billion stock buyback program. It also increased its quarterly dividend by 2,400%, raising the payout from one cent to 25 cents per share.
Management issued a second-quarter revenue forecast of $91 billion. This guidance surpassed analyst expectations due to high demand for data center GPUs. CEO Jensen Huang characterized the trend as the largest infrastructure expansion in human history.
The report triggered a rally across the information technology sector and semiconductor industry. Analysts view these results as confirmation that the AI supercycle continues to drive market growth.