Abu Dhabi, United Arab Emirates – May 21, 2026: Nvidia has done it again, beating on the top and bottom line and guiding the current quarter well above Wall Street estimates, yet the share price barely moved. That tepid reaction has become the new normal for the world’s most valuable company, and it tells us exactly how high the bar has been set in the AI trade.
According toJosh Gilbert, Lead Analyst, Middle East at eToro:Revenue of USD$81.6 billion was up 85% on the same quarter last year, with the all-important data centre business pulling in USD$75.2 billion, growth of 92%. For a company of this size to still deliver that level of growth is staggering. Guidance for the July quarter came in at around USD$91 billion, comfortably ahead of the USD$87 billion consensus, while management lifted the quarterly dividend to 25 cents from 1 cent and authorised another USD$80 billion in buybacks. The buyback and dividend hike show that Nvidia wants to keep shareholders on side, even as the eye-watering share price gains of recent years become harder to repeat.
The result also showed that Nvidia’s growth story is broadening well beyond GPUs. Networking revenue came in at USD$14.8 billion, comfortably ahead of the USD$12.7 billion the Street was looking for. That’s key, because as AI factories get built out at scale, the networking layer can become a serious growth engine in its own right. At the same time, we’re also seeing the pivot into CPUs, driven by the build-out of agentic AI workloads, the next layer of the AI boom. Nvidia is still in pole position in this AI trade, but Intel and AMD lead the way on CPUs for now, with both stocks more than doubling this year as investors price in the shift. As agentic AI takes off, the value is going to spread across more of the compute stack, not just GPUs.
This result tells us that AI isn’t just a one-year story, it’s a story with many years ahead. The market has grown accustomed to perfection from Nvidia, and although we got that today, much of it was already priced in. The lens investors should be using from here is that the AI boom still has plenty of runway, but the winners’ list is going to get longer.
-ENDS-
Media Contacts:
etoro@golin-mena.com
About eToro:
eToro is a trading and investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have 40 million registered users from 75 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So we’ve created a collaborative investment community designed to provide you with the tools you need to grow yourknowledge and wealth. On eToro, you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a portfolio, or copy other investors. You can visit our media centrehere for our latest news.
Disclaimers:
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
CFDs are leveraged and speculative products intended for investors who understand the risks involved. Due to leverage, losses can occur rapidly and you may lose all of your invested capital.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro is a group of companies that are authorised and regulated in their respective jurisdictions. The regulatory authorities overseeing eToro include:
● The Financial Conduct Authority (FCA) in the UK
● The Cyprus Securities and Exchange Commission (CySEC) in Cyprus
● The Australian Securities and Investments Commission (ASIC) in Australia
● The Financial Services Authority (FSA) in the Seychelles
● The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) in the UAE
● The Monetary Authority of Singapore (MAS) in Singapore
This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking into account any particular recipient’s investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication.
Regulation and License Numbers:
Middle East
eToro (ME) Limited, is licensed and regulated by the Abu Dhabi Global Market (“ADGM”)’s Financial Services Regulatory Authority (“FSRA“) as an Authorised Person to conduct the Regulated Activities of (a) Dealing in Investments as Principal (Matched), (b) Arranging Deals in Investments, (c) Providing Custody, (d) Arranging Custody and (e) Managing Assets (under Financial Services Permission Number 220073) under the Financial Services and Market Regulations 2015 (“FSMR”). Its registered office and its principal place of business is at Office 207 and 208, 15th Floor Floor, Al Sarab Tower, ADGM Square, Al Maryah Island, Abu Dhabi, United Arab Emirates (“UAE”).