Nvidia Q1 Surge Meets Muted Futures as SpaceX Files Record IPO

Nvidia reported blockbuster Q1 results with revenue surging 85% to $81.62 billion and data-center sales hitting $75.2 billion, beating estimates and prompting an $80 billion buyback plus a 2,400% dividend hike to $0.25. Guidance for Q2 revenue of $91 billion excluded China sales, leading to slight premarket weakness and mixed futures despite the strong print. Parallel developments include SpaceX filing for a potentially record Nasdaq IPO under ticker SPCX, adding to market volatility amid broader tech and geopolitical uncertainty.