Nvidia’s impressive revenue forecast and announcement of a ten-for-one stock split have propelled its shares to new heights, surpassing $1,000 for the first time. The company’s stock, which has surged over 90% this year, saw a 5.9% increase following the announcement. Nvidia anticipates second-quarter revenue of $28 billion, surpassing analysts’ expectations. First-quarter revenue grew 262% year-over-year to $26.04 billion, with net income soaring 628% to $14.88 billion. Demand for Nvidia’s AI chips, including the upcoming Blackwell AI chips, remains robust.
Nvidia’s Revenue Forecast and Stock Split Drive Shares to Record Highs
![](https://affairsace-media.s3.ap-south-1.amazonaws.com/2024/05/24083445/1709571330-5164-ezgif.com-avif-to-jpg-converter.jpg)