Nvidia announces a big dividend hike and 10-for-1 stock split with its earnings report on Wednesday.
Nvidia fulfilled the world’s high expectations with its April quarter results. “The next industrial revolution has begun,” CEO Jensen Huang said in the Wednesday earnings release. “Companies and countries are partnering with Nvidia to shift the trillion-dollar traditional data centers to accelerated computing and build a new type of data center—AI factories—to produce a new commodity: artificial intelligence.”
Nvidia CEO Jensen Huang dismissed fears over a pause in orders for its AI chips and the threat from competition.