Semiconductor giantNVIDIA Corporation(NASDAQ:NVDA) reported first- quarter financial results that beat estimates from analysts.

The company also announced a 10-for-1 stock split, a move that could foreshadow a potential inclusion in one of the oldest and most followed stock indexes globally.

Split Not A Surprise:With Nvidia stock soaring in the last year and a history of stock splits, the announcement may not have been a surprise to many investors.

"No, I wasn't surprised,"Freedom Capital MarketsChief StrategistJay Woodstold Benzinga.

Woods predicted a potential split in his weekly newsletter ahead of the first-quarter...