Reported 5 months ago
Nvidia's stock surged by 9% to surpass $1,000 after beating earnings forecasts, reporting a 461% increase in adjusted EPS and a 262% rise in revenue compared to the previous year. The company also announced a 10-for-1 stock split and a dividend hike, with a projected revenue of $28 billion for the current quarter. Nvidia's Data Center revenue notably grew by 427%, driven by strong demand for AI applications. The company's stock split and dividend increase align with recent moves by other tech giants like Meta and Alphabet.
Source: YAHOO