Nvidia shares jump after AI chip maker unveils stock split, rosy sales forecast

Nvidia forecast second-quarter revenue above estimates on Wednesday and announced a ten-for-one forward stock split, impressing investors who have already tripled the chipmaker's market value in the past year on AI optimism. The Santa Clara, Calif.-based company's shares climbed 4% after the bell to nearly $974. The AI poster child's shares have risen more than 90% so far this year. Nvidia reported first-quarter revenue of $26.04 billion, beating estimates of $24.65 billion. CEO Jensen Huang, above. AFP via ...