The article discusses Nvidia’s impressive first-quarter earnings and its plans for a 4-for-1 stock split, driven by the surging demand for its chips used in artificial intelligence (AI) applications. Nvidia reported revenue of $7.19 billion, up 19% year-over-year, and earnings per share of $1.09, exceeding analysts’ expectations. The company’s data center segment, which includes chips for AI and cloud computing, saw revenue growth of 14% to $3.77 billion. Nvidia’s CEO, Jensen Huang, highlighted the company’s leadership in AI and the growing demand for its products in areas like generative AI, large language models, and autonomous vehicles. The stock split aims to make Nvidia’s shares more accessible to a broader range of investors. Analysts are optimistic about Nvidia’s prospects, with Blackwell Capital’s Byron Blackwell predicting the company’s stock could reach $1,000 by 2024 due to the AI boom.