From Nasdaq: 2024-06-07 04:13:00

Nvidia, a leader in AI technology, has seen its stock price surge 488% with revenue up 330% and net income up 952% since the rise of generative AI. Its stock split takes effect today, making it more accessible for investors. With record data center revenue, Nvidia expects continued growth.

The stock split isn’t just about dividing shares — it often generates excitement and can boost stock performance. Following a split, companies typically outperform the market. Nvidia’s stock split could lead to further gains, supported by its strong business performance and position as a leader in AI technology.

Looking ahead, Nvidia forecasts a revenue of $28 billion for the next quarter, signifying continued growth. With generative AI adoption set to expand, Nvidia remains a top player in AI processing. Despite a high valuation compared to the market average, Nvidia’s growth and potential justify these premium levels.

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Read more at Nasdaq: Nvidia’s 10-for-1 Stock Split Has Arrived. Here’s What Happens Next.