Nvidia (NVDA) announced a 10-for-1 stock split alongside its positive first-quarter earnings print. The chip-making giant continues its run reaching quadruple digits in stock price — up over 115% year-to-date — with little signs of slowing down.
Freedom Capital Markets Chief Global Strategist Jay Woods joins Wealth! to give insight into Nvidia’s performance, its planned stock split, and more.
Woods puts Nvidia’s performance into perspective:
"This quarter they made $26 billion in revenue. In 2022, It was $27 billion. So in one quarter they matched what was a weak year, a down year, but it’s the growth continues to rise. 600% year-over-year net income, 500% year-over-year EPS. Five years ago, it was a $100 billion company. Now it’s $2.5 trillion. And then you look at who their customers are. They’re the biggest companies in the world. The Amazon (AMZN), the Alphabet GOOG, GOOGL), the Microsoft (MSFT) of the world…So is it early innings? I say maybe the third, but it’s a stock that you need to be in because it’s so central to the growing tech story that we’re in now."
For more of everything Nvidia, catch Yahoo Finance’s exclusive interview with CEO Jensen Huang.
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