NVIDIA beat earnings, top expectations.

Nvidia reported its fiscal first quarter earnings after the bell on Wednesday, beating analysts' expectations on the top and bottom line on the strength of its data center business. The company also said it expects Q2 revenue to come in at about $11 billion, plus or minus 2%. Wall Street was expecting $7.2 billion.

Nvidia is at the center of the AI explosion thanks to its high-powered graphics cards and server products, and its stock price is soaring. Over the last year, shares of Nvidia have jumped 77%, while rival AMD has jumped 12%. Intel shares are down 30% in the same timeframe.

Here are the most important numbers from the report compared to what was expecting, as compiled by Bloomberg.

Revenue: $7.2 billion versus $6.5 billion expected

Adj. EPS: $1.09 versus $0.92 expected

Gaming: $2.2 billion versus $1.9 billion expected

Data center: $4.2 billion versus $3.9 billion expected

Shares of Nvidia were up more than 13% following the announcement.

“The computer industry is going through two simultaneous transitions — accelerated computing and generative AI,” Nvidia CEO Jensen Huang said in a statement.