Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning. Today is Thursday, May 23rd. I'm Julie Morgan.

Invidia is on our list of the biggest movers of the day pre-market.

Of course that's a total shocker, I know.

Live Nation has the attention of the DOJ who is reportedly ready to take action,

and well-known vaccine makers are seeing gains based on bird flu fears.

Invidia is up nearly 7% pre-market and shares have topped the $1,000 mark.

The semiconductor giant reported quarterly results and guidance that topped Wall Street's expectations and announced a 10 for one stock split.

Looking to the second quarter of fiscal year 2025,

NVIDIA expects to generate 28 billion dollars in revenue,

plus or minus 2%.

Analysts were forecasting 26.8 billion in revenue.

Adjusted gross margin is forecast to be around 75.5% plus or minus 50 basis points,

while adjusted operating expenses are expected to be around $2.8 billion.

For the first quarter, NVIDIA earned an adjusted $6.12

per share on $26 billion in revenue.

Data center revenue flew past expectations coming in at $22.6 billion compared to estimates of 21.13 billion. Total revenue for the period rose 427% year over a year.

Analysts expected NVIDIA to post earnings of $5.58

per share on revenues of $24.59 billion for the quarter.

The 10 for one stock split is effective June 7th.

Seeking Alpha analyst Michael Del Monte says the split allows management to make

invidia more accessible to retail investors. If you'd like to read a

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