ETFs to Buy After NVIDIA's Q1 Earnings Miss, Record Revenues

Core Viewpoint - NVIDIA reported mixed first-quarter fiscal 2026 results, with record-breaking revenues but earnings that lagged estimates, leading to a 6% increase in shares during after-hours trading [1][3]. Financial Performance - Earnings per share for Q1 were 81 cents, missing the Zacks Consensus Estimate by 4 cents, but up from 61 cents in the same quarter last year, ending a streak of nine consecutive earnings beats [3]. - Revenues surged 69% year over year to a record $44.1 billion, exceeding the consensus estimate of $42.70 billion [3][4]. Business Segments - The data center business was a significant driver of performance, with revenues increasing 73% year over year to $39.1 billion [4]. - The gaming division also showed strong growth, with revenues climbing 42% year over year to $3.8 billion, aided by the launch of the Nintendo Switch 2 [5]. - The automotive and robotics segment experienced a 72% revenue increase, reaching $567 million, driven by demand for self-driving car chips and robotics software [6]. AI Demand and Global Expansion - Demand for NVIDIA's AI chips continues to rise, particularly from large cloud providers and AI supercomputing [7]. - NVIDIA is expanding its global footprint with plans to build AI factories in the U.S. and Saudi Arabia, and has launched the Stargate UAE AI infrastructure cluster in Abu Dhabi [8]. Future Guidance - For Q2 fiscal 2026, NVIDIA expects revenues of approximately $45 billion, with a potential $8 billion impact from H20 export restrictions affecting sales to China [9].