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CNBC's "Fast Money"

Nvidia Beats Big and Surprises with a Stock Split and Dividend 5/22/24

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 22 May 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Shares of the semi giant jumping after it reported a big beat on earnings and revenue and announced a 10-for-1 stock split. It also raised its dividend by 150% percent. So did the company just give the green light for the AI trade? Plus two very different reads from retail stocks and where Ether is going from here. Fast Money Disclaimer

Transcript

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0:00.0

Live from the Nesac markets, I've in the heart of New York City's Times Square.

0:05.6

This is Fast Money. Here's what's on tap tonight.

0:08.2

Splitsville for Invidia, the company announcing a surprise 10 for one stock split alongside big beats in the top and

0:14.3

the bottom lines we've got full team coverage of the results and are bringing you all

0:17.7

the trades plus missing the target chairs to the retailer sinking to nearly

0:21.6

four month lows while rivals like

0:23.5

TJX sore why can't the companies seem to catch out to its competitors and later the

0:28.3

Chartmaster says Goldman Sachs is losing its shine Pfizer soars on cost-cutting plans and Starbucks notch is its best

0:35.0

day since last November. We're diving into all of today's fast money movers.

0:38.8

I'm Melissa Lee coming to you live from Studio B at the Nazac. I'm the desk tonight.

0:42.0

Tim Seymour, Karen Feinerman,

0:43.4

Courtney Garcia, and look who's back for this hour,

0:46.3

the Bitcoin Baller himself, Brian BK Kelly.

0:49.8

Great to have you back here on set. And we start off with the most anticipated earnings report of the season.

0:56.0

Invidia shares at all-time highs after posting a top and bottom line beat for key one.

1:00.0

Guidance for the current quarter also coming in above expectations.

1:04.2

The Chip Giant also announcing a 10 for one stock split and a dividend hike.

1:08.1

The conference call just kicking off moments ago, Christina Parts of Novellis is here to break

1:11.8

down the quarter. Hey Christina.

1:13.0

Hi, well investors got what they wanted.

1:15.0

Earningsby, like you said, revenues actually matching by side expectations of 26 billion

1:19.1

for Q1. Same for the Q2 revenue guide, came in at 28 billion. Even Q2 margins are expected to drop

...

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