Nvidia’s 10-for-1 stock split goes into effect on Monday, giving investors nine additional shares for every one that they already own. Nvidia's 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
Nvidia 10-for-1 stock split goes into effect after stock price for the chipmaker doubled this year
Nvidia’s 10-for-1 stock split goes into effect on Monday, giving investors nine additional shares for every one that they already own.
Nvidia's 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.
The chipmaker has seen soaring demand for its semiconductors, which are used to power artificial intelligence applications. The company’s revenue more than tripled in the latest quarter from the same period a year earlier.
Nvidia, which has positioned itself as one of the most prominent players in AI, has been producing some eye-popping numbers. Here's a look: