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On Wednesday, Nvidia, ranked first in US stock trading, closed down 0.46% at $43.155 billion. Nvidia released its financial report after the close of trading on Wednesday, and its first quarter performance as of April exceeded expectations. Its revenue outlook for the second quarter also exceeded market expectations, with an expected revenue of approximately $28 billion and an average analyst estimate of $26.8 billion. Nvidia also announced a "1 spin 10" stock split plan and will increase quarterly cash dividends by 150% to $0.01 per share (calculated after the split). The optimistic outlook reinforces Nvidia's position as the biggest beneficiary of artificial intelligence spending. The company's so-called artificial intelligence accelerator - chips that help data centers develop chatbots and other cutting-edge tools - has become a popular commodity in the past two years, driving the company's sales to soar.
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