Nvidia Soars with Earnings Beat, Stock Split, and Dividend Hike
TL;DR Summary
Nvidia's stock surged 9.3% to surpass $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 also announced a 10-for-1 stock split and a dividend increase. Nvidia's Data Center revenue, driven by strong demand for AI, grew 427% year-over-year to $22.6 billion, making up 86% of total revenue. Analysts have raised Nvidia's price target, and the stock split could lead to its inclusion in the Dow Jones Industrial Average.
- Nvidia stock pops 9%, tops $1,000 after earnings beat forecasts, announces stock split and dividend hike Yahoo Finance
- Nvidia Announces a 10-for-1 Stock Split. Here's What Investors Need to Know. The Motley Fool
- Nvidia's First Quarter Results Confirm That The Next Industrial Revolution Is Well Underway Yahoo Finance
- Nvidia's Business Is Booming. Here's What Could Slow It Down. The Wall Street Journal
- NVIDIA Announces Financial Results for First Quarter Fiscal 2025 NVIDIA Blog
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