May 23 Reuters Shares of Nvidia rose on Thursday after the chipmaker forecast an upbeat secondquarter revenue and announced a stock split that floored investors and once again showcased its dominance in the AIrelated chips market.

The company39;s stock rose 6.5 in premarket trading, with rival AIrelated chipmakers Advanced Micro Devices, Broadcom and Micron Technology also gaining between 2 and 3.

The poster child of AI chips forecast fiscal secondquarter revenue of 28 billion, plus or minus 2, with analysts on average expecting revenue of 26.66 billion, according to LSEG data.

Wall Street39;s third most valuable firm, Nvidia has surged almost 92 this year and is set to gain about 165 billion in market cap at current price levels of 1,016.

If it closes above 1,000 on Thursday, it would mark the first time Nvidia39;s stock has climbed above that psychologically important threshold.

The stock price will certainly reach 1,000 per share, but whether it can maintain that level is uncertain, said Ipek Ozkardeskaya, senior analyst at Swissquote Bank.

Nvidia also said it would split its stock tenforone, effective June 7, and raised its quarterly dividend by 150 on a postsplit basis.

The Santa Clara, Californiabased company39;s chips are the gold standard in artificial intelligence and its results are widely seen as a barometer for the burgeoning AI industry, whose evolution has stoked investor enthusiasm and helped drive the bull run in U.S. stocks.

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