When looking at the earnings release, we could see that the company has been benefitting from record Data Center adoption.
- its revenue grew by 23% compared to the fourth quarter and 427% from a year ago
- it is fueled by strong and accelerating demand for generative AI training and inference
- Generative AI has expanded to consumer internet companies, and enterprise, sovereign AI, automotive and healthcare customers, creating multiple multibillion-dollar vertical markets
Moreover, the company decided to announce a series of rewards for investors
- 10 for 1 forward stock split
- result in a proportionate increase in the number of shares of authorised common stock
- increasing its quarterly cash dividend by 150% from $0.04 per share to $0.10 per share of common stock
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