Nvidia's stock price surged by 7% to exceed $1,000 following better-than-expected earnings results. The company also revealed plans for a stock split and an increase in dividends.

Reported 5 months ago

Nvidia's stock surged 9.3% to over $1,000 after reporting first-quarter earnings that surpassed expectations, resulting in a market cap exceeding $2.5 trillion. The company's earnings showed a significant increase in adjusted EPS and revenue from the previous year, prompting a 10-for-1 stock split and a dividend hike. Nvidia's Data Center revenue notably soared by 427%, with CEO Jensen Huang expressing confidence in continued demand for the company's AI chips. Additionally, Nvidia's stock split and dividend raise align with similar moves by other tech giants like Meta, Alphabet, and Apple.

Nvidia's stock price surged by 7% to exceed $1,000 following better-than-expected earnings results. The company also revealed plans for a stock split and an increase in dividends.

You may also interested in these wikis