Nvidia Exceeds Revenue Forecasts, Announces Stock Split

Nvidia has forecasted quarterly revenue above estimates and announced a ten-for-one stock split, boosting its shares to record highs. The company's strong performance, driven by high demand for its AI chips, has significantly increased its market value. Nvidia's first-quarter revenue surged 262% year-over-year, and it expects second-quarter revenue to reach $28 billion. The stock split and increased dividend have further impressed investors, solidifying Nvidia's dominant position in the AI chip market.