Nvidia's Q1 2024 Earnings Surpass Expectations and Stock Split Announcement
Thursday, 23 May 2024, 06:52
Nvidia's Strong Q1 2024 Earnings Boost AI Market Confidence
Nvidia reported revenue of $26.04 billion, surpassing the expected $24.65 billion. The company's net income reached $14.88 billion, with a profound surge in data center revenue to $22.56 billion. CEO Jensen Huang's emphasis on the continued demand for Nvidia's AI chips and the announcement of a 10-for-1 stock split indicate a positive trajectory for the company's growth.
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