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

Group 1 - Nvidia forecasts second-quarter revenue of $28 billion, exceeding analysts' expectations of $26.66 billion [3] - The company reported first-quarter revenue of $26.04 billion, surpassing estimates of $24.65 billion [5] - Nvidia's shares rose 4% to nearly $974 following the announcement of a ten-for-one forward stock split [1] Group 2 - Demand for Nvidia's chips is driven by significant enterprise spending on advanced semiconductors for AI data centers [3] - Major technology companies like Alphabet, Microsoft, and Amazon are competing for Nvidia's high-end chips due to limited supply [3] - Taiwan Semiconductor Manufacturing, Nvidia's contract chipmaker, plans to more than double its advanced packaging capacity this year to address supply chain constraints [3]