Nvidia's Q2 Revenue Projections and Stock Split Excite Investors

Wednesday, 22 May 2024, 20:22

Nvidia's latest financial forecast projects second-quarter revenue exceeding expectations and introduces a ten-for-one forward stock split. The chipmaker's market value has tripled in the past year driven by optimism in artificial intelligence. Following the announcement, Nvidia's shares surged, reaching a record high in extended trading.
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Nvidia's Q2 Revenue Projections and Stock Split Excite Investors

Nvidia Predicts Record Revenue and Stock Split

Nvidia, the Santa Clara-based company, has forecasted a higher-than-expected revenue for the second quarter. The announcement also includes a ten-for-one forward stock split effective from June 7.

Impressive Growth and Market Performance

  • Nvidia shares hit a record high in extended trade after the news
  • Investors are pleased with the impressive growth driven by AI optimism

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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