Nvidia shares scale new peak in Frankfurt after strong forecast

By Thomson Reuters May 23, 2024 | 1:05 AM

(Reuters) – Nvidia’s Frankfurt-listed shares rose on Thursday after the chipmaker forecast quarterly revenue above estimates, impressing investors who have tripled the chipmaker’s market value in the past year on AI optimism.

By 0600 GMT, the stock was up 6.6% to a fresh record high.

The Santa Clara, California-based company also said it would split its stock ten-for-one, effective on June 7. It raised its quarterly dividend by 150% to 1 cent per share, on a post-split basis.

(Reporting by Danilo Masoni in Milan; Editing by Amanda Cooper)