Nvidia stock pops 9%, tops $1,000 after earnings beat forecasts, it announces stock split and dividend hike

News Snapshot:

Nvidia (NVDA) stock surged as much as 9% on Thursday, trading north of $1,000 in early trade and giving the chip giant a market cap above $2.5 trillion after its first quarter earnings once again blew away forecasts. Nvidia's first quarter results, released after the bell on Wednesday, showed adjusted earnings per share (EPS) tallied $6.12 on revenue of $26 billion, a jump of 461% and 262%, respectively, from a year ago. The company also announced a 10-for-1 stock split and an increased dividend, following some of its Big Tech peers in doling out heftier quarterly payments to shareholders. Analysts...