Nvidia's Profits Surge, Stock Hits Record High

Rachana Saha

Nvidia's profit surged seven-fold, hitting $14.88bn in Q1, compared to $2.04bn a year ago.

Revenue tripled to $26.04bn, beating analyst forecasts, underlining strong market demand.

Q2 revenue forecast of $28bn exceeds expectations, signaling sustained growth.

Nvidia announces a 10-for-1 Nvidia stock split and a 150% dividend increase, aiming for shareholder accessibility.

Stock prices surged 5.9% to cross $1,000, Jensen Huang emphasizes Nvidia's pivotal role in the AI revolution, foreseeing increasing demand.

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