"Nvidia Stock Soars on Earnings Beat, Announces 10-for-1 Split and Dividend Hike"

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, jumped 427% year-over-year to $22.6 billion, making up 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.