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Nvidia Stock Zooms Past $1000, Lifts AMD Shares: What’s Powering AI Chip Plays Premarket?

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Nvidia Corp. (NASDAQ:NVDA) shares rallied sharply in premarket trading on Thursday following its stellar quarterly report.

The Santa Clara, California-based chipmaker reported first-quarter earnings and revenue well above lofty expectations and gave an upbeat quarterly revenue outlook. Investors also cheered management’s statements about the new Blackwell AI accelerators beginning to contribute to revenues this year, prospects for sovereign AI factories, and strong generative AI demand.

The company hiked its dividend by 150% to 10 cents per share and announced a 10-for-1 stock split to …

Full story available on Benzinga.com

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