The company has also announced an increase in its quarterly cash dividend by 150% from $0.04 per share to $0.10 per share of common stockSurat Investment. The increased dividend is equivalent to $0.01 per share on a post-split basis and will be paid on Friday, June 28, 2024, to all shareholders of record on Tuesday, June 11, 2024, as per the company’s earnings release.
Nvidia’s CEO Jensen Huang said that the companies and countries are partnering with the company to shift the trillion-dollar traditional data centers to accelerated computing and build a new type of data center - AI factories - to produce a new commodity, artificial intelligence.
“We are poised for our next wave of growth. The Blackwell platform is in full production and forms the foundation for trillion-parameter-scale generative AI,” says Huang.
“Nvidia NIM is our new software offering that delivers enterprise-grade, optimized generative AI to run on CUDA everywhere — from the cloud to on-prem data centers and RTX AI PCs — through our expansive network of ecosystem partners,” Huang adds.Agra Investment
Going ahead, Nvidia expects second quarter revenue to be around $28 billion, plus or minus 2%, while GAAP and non-GAAP gross margins are expected to be 74.8% and 75.5%, respectively, plus or minus 50 basis points. For the full year, gross margins are expected to be in the mid-70% range.
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