Nvidia Logs 73% Q1 Growth as Amazon Trainium Threatens and Apollon Boosts Stake
Nvidia reported a 73% year-over-year revenue surge in Q1 2026, sustaining extraordinary growth while trading at a higher absolute P/E but lower forward multiple than Intel. Amazon’s Trainium chips deliver 30% superior cost-performance versus GPU training and Apollon Wealth upped its Nvidia stake by 1.0% to 1.32 million shares.
1. Q1 Revenue Surge
Nvidia delivered a 73% year-over-year increase in Q1 2026 revenue, driven by robust demand for its AI and data center GPUs. This growth marks one of the strongest quarterly performances in the company’s history and underscores its leadership in high-performance computing.
2. Valuation Comparison with Intel
Despite Intel’s solid Q1 results and expansion in its AI data center unit, Nvidia trades at a higher absolute P/E while maintaining a lower forward multiple. Intel still faces execution risks from its unprofitable foundry business, positioning Nvidia as the more proven performer.
3. Amazon Trainium Competition
Amazon’s custom Trainium training chips now offer 30% better cost-performance than conventional GPU-based solutions, with future generations already sold out. This development signals a potential shift of large-scale AI workloads away from Nvidia hardware within the AWS ecosystem.
4. Apollon Wealth Management Stake
Apollon Wealth Management increased its position in Nvidia by 1.0%, raising its holding to 1,317,275 shares after acquiring an additional 12,446 shares. The firm’s move reflects growing institutional confidence in Nvidia’s long-term growth prospects.