NVIDIA Announces 10-for-1 Stock Split Effective June 7, Stock Jumps 4%

NVIDIA has announced a ten-for-one forward stock split, which will be effective on June 7, 2024. The company reported Q1 revenue of $26.0 billion, surpassing the consensus estimate of $24.65 billion, and Q1 EPS of $6.12, exceeding the consensus of $5.59. Additionally, NVIDIA has raised its cash dividend by 150%. The company also provided guidance for Q2 revenue, projecting between $27.44 billion and $28.56 billion, compared to the consensus of $26.62 billion. Following the announcement, NVIDIA's stock jumped 4%.