"Nvidia Stock Soars on Strong Earnings, AI Boom, and Stock Split"

Nvidia's stock surged 4% after reporting first-quarter earnings that exceeded expectations, announcing a 10-for-1 stock split, and increasing its dividend. The company posted adjusted EPS of $6.12 on $26 billion in revenue, driven by strong demand for generative AI in its Data Center segment, which saw a 427% year-over-year revenue increase. Despite a significant drop in revenue from China, Nvidia's outlook remains positive with expected revenue of $28 billion for the next quarter. The stock split and dividend hike align Nvidia with other Big Tech firms enhancing shareholder returns.