Reported 5 months ago
Nvidia's stock surged by 9% to surpass $1,000 after beating earnings forecasts, reporting a 10-for-1 stock split, and announcing an increased dividend. The company's first-quarter results showed significant growth in adjusted earnings and revenue, prompting a market cap exceeding $2.5 trillion. Nvidia's Data Center revenue notably spiked by 427%, with CEO Jensen Huang highlighting strong demand for generative AI. The company's stock split and dividend hike align with other Big Tech firms and are expected to potentially lead to inclusion in the Dow Jones Industrial Average.
Source: YAHOO