Nvidia Stock Pops on Blockbuster Earnings Report and Stock Split Plan

Shares of Nvidia (NASDAQ: NVDA) jumped 6.1% in after-hours trading on Wednesday following the artificial intelligence (AI) tech leader's release of a super-strong report for the first quarter of fiscal 2025 (ended April 28).

The main catalysts for the stock's rise include the quarter's revenue and earnings easily beating Wall Street's expectations, second-quarter guidance for the top and bottom lines doing the same, and the company announcing a 10-for-1 stock split.

The first quarter marked Nvidia's fourth consecutive quarter of triple-digit percentage growth for both revenue and adjusted earnings per share (EPS).

Source Fool.com