Nvidia's Impressive 260% Revenue Growth Leads to 10-for-1 Stock Split: CEO Jensen Huang Announces 427% Data Center Revenue Jump

Santa Clara, California United States of America
Data center revenue jumped by 427%.
Nvidia is a technology company specializing in AI and GPUs.
Revenue increased by over 260% compared to Q1 2023.
The company announced a 10-for-1 stock split.
Nvidia's Impressive 260% Revenue Growth Leads to 10-for-1 Stock Split: CEO Jensen Huang Announces 427% Data Center Revenue Jump

Nvidia, a leading technology company in the field of artificial intelligence (AI) and graphics processing units (GPUs), recently announced a 10-for-1 stock split. This move comes after an impressive earnings report that showed a revenue increase of over 260% compared to the first quarter in 2023, with data center revenue jumping by an astounding 427%. The company's CEO, Jensen Huang, stated that


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Confidence

95%

No Doubts Found At Time Of Publication

Sources

99%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Nvidia’s 10-for-1 stock split confirms ‘Big Tech is going bite-sized’ to lure retail investors, BofA says

Fortune Media Inc. Friday, 24 May 2024 00:00
  • Unique Points
    • Nvidia announced a 10-for-1 stock split
    • Retail investors have been looking to make it easier to buy shares of Big Tech companies with high share prices
    • History shows that stocks have managed 25% total returns in the 12 months after a stock split historically, compared with 12% for the S&P 500
    • Nvidia boasts 48 ‘buy’ ratings, eight ‘overweight’ ratings, six ‘hold’ ratings, and zero ‘sell’ ratings according to the Wall Street Journal
    • CEO Jensen Huang announced Nvidia will develop another new AI chip within the next 12 months
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (95%)
    The article contains an appeal to history fallacy as the author makes a generalization that stock splits have historically led to positive returns for companies. While it is true that the historical data shows an average return of 25% in the 12 months after a stock split, this does not guarantee future results. The author also states that 'splits appear to introduce upside potential into markets,' which is another form of an appeal to history fallacy.
    • ][The author] described the share split as 'Another large-cap tech pursuing shareholder-friendly policies'[[], '[The author] and his team noted. With many Big Tech companies seeing their share prices top $500 in recent years, something that can limit retail investors’ ability to buy shares, they’ve been looking to make it easier for nonprofessional investors to buy in. In other words, 'Big Tech is going bite-sized,' BofA said.[
    • [The author] Specifically, Bank of America’s research shows that stocks have managed 25% total returns in the 12 months after a stock split historically, compared with 12% for the S&P 500.[
    • [The author] splits appear to introduce upside potential into markets.[
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (0%)
    None Found At Time Of Publication

100%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Nvidia's stock split isn't something for investors to ignore: Morning Brief

Yahoo Finance Myles Udland Saturday, 25 May 2024 03:32
  • Unique Points
    • Nvidia’s stock closed at a record high of $1,038 on Thursday.
    • Nvidia announced plans to split its stock 10-for-1.
    • Existing shareholders will receive 10 shares of Nvidia for every 1 they own.
    • The per-share price will go down by 90% after the split.
    • Nvidia had free cash flow of nearly $15 billion in its most recent quarter.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

99%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

'The next industrial revolution has begun': Nvidia announces 10-for-1 stock split

USA Today James Powel Wednesday, 22 May 2024 00:00
  • Unique Points
    • Nvidia announced a 10-for-1 stock split as part of its first quarter earnings release.
    • Revenue increased by over 260% compared to the first quarter in 2023.
    • Data center revenue jumped 427% from last year to $22.6 billion.
    • Jensen Huang, Nvidia founder and CEO, stated ‘The next industrial revolution has begun’.
    • Nvidia is partnering with companies and countries to shift traditional data centers to accelerated computing and build new type of data centers called AI factories.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (95%)
    The author makes an assertion that 'The next industrial revolution has begun' which is an exaggeration and a form of hyperbole. This statement is not backed up by any evidence in the article and therefore counts as a fallacy.
    • 'The next industrial revolution has begun'
    • Jensen Huang, Nvidia founder and CEO, said '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'
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

99%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Nvidia’s incredibly pricey shares are about to get much cheaper

CNN News Site: In-Depth Reporting and Analysis with Some Financial Conflicts and Sensational Language Samantha Delouya, Wednesday, 22 May 2024 21:01
  • Unique Points
    • Nvidia announced a 10-for-1 stock split.
    • Five years ago, an investor could have purchased Nvidia stock for less than $50 a share.
    • A single share in the company was worth $949.50 as of Wednesday’s close.
    • Nvidia reported a 262% increase in revenue and a 462% increase in profits year-over-year.
    • Nvidia is crucial to the burgeoning AI space and unmatched in producing processors that power artificial intelligence systems.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (95%)
    The article contains an appeal to authority fallacy when it states 'Nvidia is crucial to the burgeoning AI space. The American chipmaker is unmatched in producing processors that power artificial intelligence systems, including for generative AI, the buzzy new technology that can create text, images and other media.' This statement implies that Nvidia's dominance in the field of AI is a fact, but it is actually an opinion. The article also contains an inflammatory rhetoric fallacy when it states 'The company has become something of a bellwether for the larger AI boom that has been driving the recent market rally.' This statement implies that Nvidia's importance to the AI industry is causing the market rally, but it does not provide any evidence to support this claim.
    • ]The American chipmaker is unmatched in producing processors that power artificial intelligence systems[
    • The company has become something of a bellwether for the larger AI boom that has been driving the recent market rally
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication