Nvidia (NVDA) stock breached the $1,000 per-share mark for the first time ever Thursday after the chipmaker and artificial intelligence (AI) bellwether beat expectations for its fiscal 2025 first quarter. The company also announced a 10-for-1 stock split and more than doubled its dividend.
In the three months ended April 28, Nvidia's saw its revenue climb to $26 billion from $7.2 billion in the year-ago period, while earnings per share jumped to $6.12 from $1.09. The impressive results were helped by strong data center revenue, which surged to $22.6 billion from $4.3 billion one year ago.
