Nvidia Stock Surpasses $1,000 After Strong Earnings and AI Demand
The company reports triple-digit revenue growth, announces a 10-for-1 stock split, and projects continued momentum with new AI chips.
- Nvidia's Q1 revenue reached $26 billion, with a 461% increase in earnings per share.
- The stock price jumped over 6% in after-hours trading, crossing the $1,000 mark.
- CEO Jensen Huang highlighted strong demand for both current and upcoming AI chips.
- The company expects Q2 revenue to hit $28 billion, surpassing analyst expectations.
- Nvidia announced a 10-for-1 stock split and increased its quarterly dividend.
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