Nvidia Soars with Earnings Beat, Stock Split, and Dividend Hike

Nvidia's stock surged 9.3% to over $1,000 after the company reported first-quarter earnings that significantly exceeded forecasts, with adjusted EPS of $6.12 on $26 billion in revenue. The company announced a 10-for-1 stock split and a dividend increase, driven by strong demand for its AI and data center products. Nvidia's data center revenue soared 427% year-over-year, accounting for 86% of total revenue. Analysts remain optimistic, with JPMorgan raising its price target to $1,150. The stock split will be effective June 7, and the new dividend will be paid on June 28.