Reported 5 months ago
Nvidia's stock soared after the company's bullish sales forecast exceeded expectations, with second-quarter revenue projected at $28 billion, surpassing analyst predictions. The growth in Nvidia's data-center division contributed to the positive results, reinforcing the company's position as a leader in AI spending. CEO Jensen Huang expressed excitement about a new industrial revolution, leading to a 9.3% rise in the stock price and a significant increase in Nvidia's valuation. The company also announced a stock split and dividend increase, further boosting investor confidence in Nvidia's future prospects.
Source: YAHOO