Posted on 05/22/2024 2:03:46 PM PDT by CFW
Nvidia (NVDA) reported first quarter earnings after the bell on Wednesday that topped expectations while also announcing a 10-for-1 stock split and an increased dividend, following some of its Big Tech peers in doling out heftier quarterly payments to shareholders.
The company reported adjusted earnings per share (EPS) of $6.12 on revenue of $26 billion, a jump of 461% and 262%, respectively, from a year ago.
Analysts were expecting adjusted EPS of $5.65 on revenue of $24.69 billion, according to data from Bloomberg. The company reported adjusted EPS of $1.09 on revenue of $7.19 billion in the same quarter last year.
(Excerpt) Read more at finance.yahoo.com ...
10 for 1 makes it “cheaper” than AMD.
“10 for 1 makes it “cheaper” than AMD.”
That’s true. I didn’t realize that. It may be worth buying a few shares at the new price. The stock doesn’t seem to be going down anytime soon.
Doing the “happy dance”
4% on a $2.3 trillion company is nearly $100 billion
That’s like a Federal Govt Stimulus spending program, in one day.
Several of my friends and I think Nvidia might be the next Apple.
Up 6% at $1,010 now. Bought a few shares before the day market closed.
Stock splits do not change the value of stocks!!
I’d like 10 for 1.
“I’d like 10 for 1.”
You get 10 for 1 but each of the ten is worth 10% of pre-split 1.
Glad I listened to Charles Payne in 2019 and bought Nvidia stock. It’s up 2400% for me.
Hence the quotation marks. But the new price does mean more retail investors will pile in.
Anyone use Charles Schwab? I’ve had Scottrade, which became TD Ameritrade, which is now Charles Schwab. The Scottrade Streamer circa 2005 was great. The TD Ameritrade streamer was ok but not as good as Scottrade. I tried the Think or SWim platform and didn’t like it but it’s all I can use now with Charles Schwab. On earlier streaming platforms there was areas that showed all the indexes, as well as top leaders and losers but nothing like that on Think or Swim. I can’t believe people rave about Think or Swim when it doesn’t even have featured like the Scottrade streamer had almost 20 years ago and that was even on my mobile phone.
Me too!!!!!!!!!!
I’ve only experienced stock going down after a split.
“Hence the quotation marks.”
That is why I didn’t post to you.
Stock splits do not change the value of stocks!!
You don’t have to yell. LOL! I realize that. However, I only have so much in my day-trading bank stash and I’m not going to use it to buy only a few shares of a thousand dollar stock. It’s no fun just to watch one stock!
At $100 I can buy enough shares to watch it and have fun.
“Anyone use Charles Schwab?”
—
That’s what we have now. We too were switched from TDAmeritrade. It took a couple days to get used to it, but I think Schwab has a lot more info and is going to be easier to use than TDA.
I use Chuck now as my TD account switched.
I have no issue with it.
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