Nvidia stock reaches all-time high after strong earnings, share split ...Middle East

The Hill - Technology
Nvidia stock reaches all-time high after strong earnings, share split
source : The Hill ( Middle East ) () 242
Shares of chipmaker Nvidia reached an all-time high Thursday after the company reported better-than-expected first quarter earnings and announced a stock split. Nvidia was trading at roughly $1,051 per share just after 12:30 p.m. EDT Thursday, well above a previous record high of roughly $950. The company reported expected revenue of roughly $26 billion Wednesday, topping Wall Street projections by nearly $2 billion, acccording to CNBC. Nvidia also announced it would conduct a 10-for-1 stock split, which would bring down the company's share price without dilluting the holdings of current investors or harming the value of the company. Nvidia has emerged as the powerhouse chipmaker

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