Nvidia’s 10-for-1 stock split will go into effect at the opening bell, giving investors nine additional shares for every one that they already own.
FILE - A sign on the Nvidia office building is shown in Santa Clara, Calif., on May 31, 2023. On Wednesday, June 5, 2024, Nvidia's market value toppped $3 trillion amid soaring demand for its semiconductors in AI applications.
Nvidia's 10-for-1 stock split goes into effect on Monday, giving investors nine additional shares for every one that they already own.stock price has more than doubled this year after more than tripling in 2023 and it's now the third most valuable company in the S&P 500. The meteoric ride allowed Nvidia to briefly surpass Apple last week as the second most valuable company in the U.S. Nvidia surpassed $3 trillion in market value.
Companies often conduct stock splits to make their shares more affordable for investors. Nvidia’s stock closed Wednesday at $1,224.40 and it's just one of 11 companies in the S&P 500 with a share price over $1,000.Revenue for Nvidia’s most recent fiscal quarter. That’s more than triple the $7.2 billion it reported in the same period a year ago.
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