Nvidia’s stocks rose above $1,000 a share yesterday|Bernard Goldbach|CC BY 2.0
Nvidia reported that its revenue in the latest quarter more than tripled, to $26 billion, from a year earlier.
The company now predicts $28 billion in sales this quarter.
The impressive first-quarter performance is primarily driven by robust growth in AI data centers for Google, Microsoft and Amazon—accounting for 45% of Nvidia’s data center revenue, contributing over $10 billion.
Celebrating its success, the chipmaker announced a 10-for-1 stock split effective June 7, meaning each existing share will be divided into 10 new shares. The company also plans to launch a new generation of AI chips, code-named Blackwell—costing $30,000 each—later this year.