Sub Headline 1

NVIDIA Stock Soars After Earnings Beat Forecasts

Sub Headline 1

NVIDIA Corporation (NVDA) shares surged 9% in after-hours trading on Wednesday after the chipmaker reported better-than-expected earnings for its fiscal fourth quarter.

Sub Headline 2

The company also announced a 4-for-1 stock split and a 10% increase in its quarterly dividend.

Sub Headline 3

NVIDIA's earnings per share came in at $1.32, beating analysts' consensus estimate of $1.22. Revenue for the quarter was $7.64 billion, up 53% year-over-year and ahead of the $7.42 billion consensus estimate.

Sub Headline 4

The company's strong results were driven by continued demand for its gaming and data center chips. NVIDIA also benefited from the launch of its new Ampere architecture-based products.

Sub Headline 5

NVIDIA's stock has been on a tear in recent months, rising more than 100% since the start of the year. The company's strong earnings report and positive outlook are likely to further boost investor sentiment.