Nvidia's second-quarter revenue outlook exceeds expectations

Nvidia's first-quarter revenue was $26 billion, with analysts expecting $24.69 billion. Data center revenue in the first quarter was $22.6 billion, with analysts expecting $21.13 billion. The expected revenue for the second quarter is around $28 billion, with analysts expecting $26.8 billion. The quarterly cash dividend has been raised from $0.04 per share to $0.10 per share. It has been announced that there will be a 1-for-10 stock split, which will take effect on June 7, 2024.