'Nvidia Party Is Turning Into A Rager,' Says Analyst After Chipmaker's Q1 Beat That Sent Stock Soaring Past $1,000 In After-Hours Trading
Portfolio Pulse from Shanthi Rexaline
Nvidia Corp. (NASDAQ: NVDA) reported first-quarter results that exceeded expectations, issued above-consensus second-quarter revenue guidance, announced a 150% dividend hike, and a 10-for-1 stock split. The stock surged past $1,000 in after-hours trading. Analyst Gene Munster predicts sustained growth and a potential tech bull market.
May 23, 2024 | 2:22 am
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Nvidia's Q1 results exceeded expectations, leading to a 5.94% rise in after-hours trading. The company announced a 150% dividend hike and a 10-for-1 stock split. Analyst Gene Munster predicts sustained growth and a potential tech bull market.
Nvidia's strong Q1 performance, significant dividend hike, and stock split are positive indicators for investors. The stock's rise in after-hours trading reflects market optimism. Analyst predictions of sustained growth further bolster the positive outlook.
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