Reported 6 months ago
NVIDIA reported strong first-quarter financial results, beating Wall Street expectations with increased earnings and revenues, leading to a 9.3% after-hours stock gain. The company announced a stock split and dividend increase, reflecting confidence in its future. CEO highlighted high demand for AI chips despite supply constraints, and the transition to advanced platforms. TSMC forecasts 10% annual revenue growth in the semiconductor industry, boosting AI chip demand. ETFs like SMH, BOTZ, SPRX, CARZ, and TDIV are recommended for investment due to the thriving chip industry and AI's growth potential.
Source: YAHOO