Nvidia Wows With Earnings, Stock Split and Dividend Hike
Nvidia gave investors plenty to cheer about in its first-quarter earnings release and its stock soared as a result. Here's what you need to know.


Nvidia (NVDA) stock breached the $1,000 per-share mark for the first time ever Thursday after the chipmaker and artificial intelligence (AI) bellwether beat expectations for its fiscal 2025 first quarter. The company also announced a 10-for-1 stock split and more than doubled its dividend.
In the three months ended April 28, Nvidia's saw its revenue climb to $26 billion from $7.2 billion in the year-ago period, while earnings per share jumped to $6.12 from $1.09. The impressive results were helped by strong data center revenue, which surged to $22.6 billion from $4.3 billion one year ago.
"The next industrial revolution has begun – companies and countries are partnering with Nvidia to shift the trillion-dollar traditional data centers to accelerated computing and build a new type of data center – AI factories – to produce a new commodity: artificial intelligence," Nvidia CEO Jensen Huang said in a statement. "AI will bring significant productivity gains to nearly every industry and help companies be more cost- and energy-efficient, while expanding revenue opportunities."

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
The results handily beat Wall Street's expectations for earnings of $5.57 per share on $24.6 billion in revenue.
"Death, taxes, and NVDA beats on earnings," says Ryan Detrick, chief market strategist at Carson Group. "Even in the face of huge expectations, the company once again stepped up and delivered. The always important data center revenue was strong, while future revenue was also impressive. Bottom line, the bar was high and cleared it once again."
As for the shareholder friendly initiatives announced in Nvidia's quarterly report, the company said it decided to split its common stock in order to "make stock ownership more accessible to employees and investors." Based on NVDA's current price of roughly $1,037, shares will be trading closer to around $103.70 once the split goes into effect after the June 7 close.
Additionally, Nvidia raised its quarterly dividend 150% to 1 cent per share post-split.
Is Nvidia stock a buy, sell or hold?
Given the impressive long-term returns Nvidia has generated, it's unsurprising that Wall Street considers it one of the best stocks to buy. According to S&P Global Market Intelligence, the consensus analyst target price for NVDA stock is $1,152.57, representing implied upside of about 11% to current levels. Additionally, the consensus recommendation is a Strong Buy.
Financial service firm Wedbush is one of the most bullish outfits on Wall Street with a Buy rating and $1,200 price target on Nvidia stock.
"Jensen Huang's suggestion that not only is demand for H200 and Blackwell well ahead of supply, but also that NVDA 'expect(s) demand may exceed supply well into next year,' parallels our view that NVDA will continue to outperform expectations," says Wedbush analyst Matt Bryson, adding that he doesn't expect headwinds to appear until mid-2025 at the earliest.
With Nvidia hitting the "'fast-forward' button," Bryson sees "no reason to moderate our enthusiasm around NVDA and we are reiterating our Outperform [Buy] rating on the stock."
Related Content
- What Are the Magnificent 7 Stocks?
- The 30 Best Stocks of the Past 30 Years
- Will Amazon's Updated Alexa Include a Subscription? What To Know
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.
-
Three Ways to Find Deals in Your Investments This Year
Looking for ways to save because of tariffs? Don't forget to look for deals in your investments. Here are three expert tips for making a little extra this year.
-
How to Invest for a Fall Interest Rate Cut by the Fed
A lot can happen between now and then, but the probability the Fed cuts interest rates before the end of the year is better than 85%.
-
You Don't Have to Be Wealthy to Need a Wealth Manager
Navigating complex financial decisions is hard on your own, no matter how much money you have. A wealth manager can provide comprehensive financial planning, investment management, risk management and more.
-
Despite Tariffs, These Investment Experts Are Bullish on European Equities
European equities were one of the better-performing investments during the first half of 2025. They could be a good long-term prospect for U.S. investors needing to diversify, according to these investment managers.
-
Stocks Are Up and Down on Fed Day: Stock Market Today
In another sign of changing times, JPMorgan has partnered with Coinbase to enable cryptocurrency purchases with credit cards.
-
What Federal Interest Rates Mean for Your Grocery Bill
The relationship between grocery prices and the Federal Reserve has plenty of back-and-forth. Understand how they interplay.
-
5 Undervalued Stocks to Buy Now
There are plenty of high-quality undervalued stocks to buy right now, you just need to know where to look. Here, we highlight five of our top picks.
-
How Do You Know You Are Ready for a Gray Divorce? 15 Yes-or-No Questions
As people 50 and older get more gray divorces, many splits are initiated by women who want a new path. Answer these 15 questions to see if you might need to think about how you should move forward.