Reported 5 months ago
Nvidia surprised investors with a strong earnings report, causing their stock to rally nearly 5% in after-market trading. The semiconductor chip maker exceeded Wall Street forecasts, particularly driven by strong data center sales and growth in revenue from gaming, automotive, and professional visualization sectors. Despite concerns about competition and high spending, Nvidia reported impressive revenue and profitability figures, leading to an increased revenue forecast for the next quarter. Additionally, Nvidia announced a 10:1 stock split and a 150% dividend increase, aiming to make stock ownership more accessible.
Source: YAHOO