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NVIDIA's 10:1 Stock Split Shine Amid Strong AI Demand and Q1 Earnings

NVIDIA ($NVDA) has recently reported impressive Q1 2024 earnings, highlighting significant growth and a strong outlook for the future. For the first quarter of fiscal 2024, NVIDIA reported revenue of $7.19 billion, up 19% from the previous quarter, with non-GAAP EPS of $1.09 per share, surpassing consensus expectations. Notably, their Data Center revenue reached a record $4.28 billion, marking a 14% increase year-over-year. Looking ahead, NVIDIA has projected second-quarter fiscal 2024 revenue of $11 billion, driven by high demand for their data center products, particularly those related to artificial intelligence (AI).

The company expects to meet the surging demand for its high-end data center products by significantly increasing its supply. Additionally, NVIDIA’s automotive segment reported a record revenue of $296 million, up 114% year-over-year, indicating strong growth in this area as well.


In 2021, NVIDIA implemented a 4-for-1 stock split, which followed a 10-for-1 split back in 2000. These stock splits are designed to make the shares more accessible to a broader range of investors and have historically been received positively by the market. The last split before 2021 was over two decades ago, emphasizing the strategic importance of these actions in enhancing liquidity and investor interest.


Overall, NVIDIA’s robust financial performance, strategic growth initiatives, and positive market reception position it as a strong contender in the tech industry, making it an attractive stock for investors. Join the ZTRADEZ Discord server to connect with experienced traders, gain access to exclusive market insights, and enhance your trading strategies. Visit ztradez.net to discover the full range of benefits and resources available.


Disclaimer: This is not financial advice. Always conduct your own research before making any investment decisions.

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