The article discusses NVIDIA’s recent stock split and impressive earnings results. NVIDIA, a leading manufacturer of graphics processing units (GPUs), announced a 4-for-1 stock split to make its shares more accessible to individual investors. The split will take effect on July 20, 2024. Additionally, NVIDIA reported strong financial performance for the first quarter of 2024, with revenue reaching $7.19 billion, a 13% increase year-over-year. The company’s data center business, which provides GPUs for artificial intelligence (AI) and high-performance computing applications, saw a 14% revenue growth. NVIDIA’s gaming business also performed well, with revenue increasing by 11%. The company’s CEO, Jensen Huang, attributed the success to the growing demand for AI and the company’s leadership in accelerated computing. NVIDIA’s stock price surged after the earnings announcement, reflecting investor confidence in the company’s future prospects.
Source: https://www.cnn.com/2024/05/22/business/nvidias-stock-split-earnings-results/index.html