Here is some information that might help answer your question
- Nvidia recently announced a 10-for-1 stock split, effective June 7, which will lower the price of each Nvidia share by offering more shares to current holders.
- The company's decision to split its shares is based on its optimism about its future and its belief that its shares have what it takes to take off once again.
- Nvidia's stock price has been increasing, reaching nearly $1,000 this week in the trading session following Nvidia's earnings report and announcement of a stock split.
- Wall Street analysts are updating their coverage of Nvidia as the leading name in artificial intelligence (AI) prepares to release its next quarterly earnings report on May 22.
- Nvidia shares have more than tripled in the last 12 months alone, and some Wall Street analysts predict Nvidia's stock could reach $1,200 per share.
- Nvidia's AI infrastructure solutions, for example, include liquid-cooled rack systems featuring dozens of its Grace CPU (central processing unit) and new Blackwell GPU (graphics processing unit) chips.
- Nvidia's revenue is expected to be around $28 billion in Q2, and analysts predict the AI market will reach more than $1 trillion by the end of the decade.
- Some analysts say Nvidia shares are likely to continue moving higher in the long run, but the stock is volatile and could drop if earnings even slightly disappoint the market's very high expectations.
Modify on 2024-05-31 08:12
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