Nvidia shares surge as tech investor Dan Niles predicts positive earnings report

Nvidia had a good first quarter with higher sales and earnings, making its stock price go over $1,000 per share. This is because many people want the AI chips Nvidia makes. The CEO, Jensen Huang, said they will make money from their new AI chip, Blackwell, later this year. Nvidia also plans to split its stock 10 to 1. They expect to make $28 billion in sales this quarter, which is more than what Wall Street thought. In the past quarter, Nvidia made $14.88 billion in profit, which is a lot more than last year. Their main business is selling data center stuff, like AI chips and other parts for big servers. They made $22.6 billion from this, which is a 427% increase from last year. Nvidia's new chip, Blackwell, will bring in more money and help the company grow. They also sold a lot of networking parts, making $3.2 billion in revenue. Gaming sales went up by 18% to $2.65 billion because many people wanted their products. Nvidia is also increasing its cash dividend. Dan Niles, an expert, thinks Nvidia's stock can go up more because it's still cheap compared to before. He says Nvidia is doing well in AI, and even if they have a bad quarter, it won't stop the AI trend. Investors should be ready for ups and downs in Nvidia's stock, but overall, AI technology is growing and will keep getting better. Randy Frederick, another expert, thinks Nvidia is in a good position. Even if they don't meet expectations, AI technology won't disappear. Many companies are talking about AI, but Nvidia is one of the few actually making and using it. Nvidia needs to keep doing well and show they are moving forward to keep investors happy. The market is doing well, and there might be a small drop soon, which could be a good time to buy more stocks. Nvidia's future depends on how well they keep developing AI technology and meeting demand.