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Nvidia stock pops 4% after earnings beat forecasts, announces stock split and dividend hike
Yahoo Finance ^ | 5/22/24 | Daniel Howley

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 ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: earnings; nvidia; stocksplit
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Nvidia is up 3.6% ($35.55) after-market and trading over $987.00 per share.
1 posted on 05/22/2024 2:03:46 PM PDT by CFW
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To: CFW

10 for 1 makes it “cheaper” than AMD.


2 posted on 05/22/2024 2:07:18 PM PDT by Mr. Blond
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To: Mr. Blond

“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.


3 posted on 05/22/2024 2:10:09 PM PDT by CFW
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To: CFW

Doing the “happy dance”


4 posted on 05/22/2024 2:24:45 PM PDT by Zathras
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To: CFW

4% on a $2.3 trillion company is nearly $100 billion

That’s like a Federal Govt Stimulus spending program, in one day.


5 posted on 05/22/2024 2:30:51 PM PDT by PGR88
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To: Zathras

Several of my friends and I think Nvidia might be the next Apple.


6 posted on 05/22/2024 2:33:31 PM PDT by Zathras
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To: CFW
Get as much as you can out of this stock because AI will:


7 posted on 05/22/2024 2:33:40 PM PDT by mikey_hates_everything
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To: CFW

Up 6% at $1,010 now. Bought a few shares before the day market closed.


8 posted on 05/22/2024 2:33:45 PM PDT by utax
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To: CFW
"That’s true. I didn’t realize that. It may be worth buying a few shares at the new price. "

Stock splits do not change the value of stocks!!

9 posted on 05/22/2024 2:41:46 PM PDT by TexasGator
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To: Mr. Blond

I’d like 10 for 1.


10 posted on 05/22/2024 2:42:15 PM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this💩? 🚫💉! 🇮🇱👍!)
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To: rktman

“I’d like 10 for 1.”

You get 10 for 1 but each of the ten is worth 10% of pre-split 1.


11 posted on 05/22/2024 2:45:42 PM PDT by TexasGator
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To: CFW

Glad I listened to Charles Payne in 2019 and bought Nvidia stock. It’s up 2400% for me.


12 posted on 05/22/2024 2:46:15 PM PDT by chrisinoc
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To: TexasGator

Hence the quotation marks. But the new price does mean more retail investors will pile in.


13 posted on 05/22/2024 2:50:59 PM PDT by Mr. Blond
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To: CFW

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.


14 posted on 05/22/2024 2:52:46 PM PDT by Blue Highway
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To: Zathras

Me too!!!!!!!!!!


15 posted on 05/22/2024 2:57:25 PM PDT by rdl6989 ( )
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To: TexasGator

I’ve only experienced stock going down after a split.


16 posted on 05/22/2024 2:59:44 PM PDT by fuzzylogic (welfare state = sharing of poor moral choices among everybody)
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To: Mr. Blond

“Hence the quotation marks.”

That is why I didn’t post to you.


17 posted on 05/22/2024 2:59:45 PM PDT by TexasGator
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To: TexasGator

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.


18 posted on 05/22/2024 2:59:46 PM PDT by CFW
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To: Blue Highway

“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.


19 posted on 05/22/2024 3:02:21 PM PDT by CFW
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To: Blue Highway

I use Chuck now as my TD account switched.

I have no issue with it.


20 posted on 05/22/2024 3:02:46 PM PDT by eyedigress
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