Nvidia Soars 9% After Stock Split and Dividend Hike, AI Demand Drives Record-Breaking Q1 Revenue
May 25, 2024
Nvidia's stock price surged 9% following a 10-for-1 stock split and a 150% dividend increase, reaching over $1,000.
The company's Q1 2025 earnings exceeded expectations with a 262.12% revenue increase driven by AI infrastructure demand.
Tech stocks in the Nasdaq 100, led by Nvidia, reached record highs for the fifth consecutive week, driven by strong earnings.
Solar stocks also saw gains, possibly due to Biden's tariffs on Chinese imports.
Analysts predict trillion-dollar valuations in tech, fueled by the AI revolution.
Inflation concerns and hawkish Fed minutes led to a decline in non-tech sectors, with the Dow Jones suffering a significant drop.
Meme stocks like GameStop declined, while interest in meme stocks is shifting to other companies like Nvidia.
Institutional investors have made changes to their positions in Nvidia's stock, with retail traders wary of inflation and uncertain about Fed rate cuts.
With a target price raised to $1,200 and positive ratings from analysts, Nvidia's recent 10-for-1 stock split aims to make the stock more accessible to investors and reflects the company's optimism about future growth.
Investors looking to capitalize on Nvidia's growth prospects may find it a compelling investment option in the tech sector.
Summary based on 48 sources
Get a daily email with more Tech stories
Sources

Forbes • May 25, 2024
Nvidia Stock Tops $1,000, Blackwell Could Aid 10-Fold Rise By 2026
Yahoo Finance • May 25, 2024
Is It Time to Dump Nvidia Stock for Advanced Micro Devices After Microsoft Announcement?
Yahoo Finance • May 24, 2024
At a New All-Time High, Is It Too Late to Buy Nvidia Stock?
Yahoo Finance • May 24, 2024
If You'd Invested $300 in Intel Stock 3 Years Ago, Here's How Much You'd Have Today