NVIDIA’s Stock Tops $1,000 After Earnings Beat Expectations

The company also announced a 10-for-1 stock split.

Nvidia stock more than tripled in value for the year-to-date through early November. Dreamstime/TNS

Nvidia saw its already-pumped stock rise above $1,000 a share on Thursday during early trading hours.

The chipmaker, known for its pivotal role in powering artificial intelligence (AI), saw its first-quarter revenues surge to $26.04 billion, up 262 percent from the same quarter last year.