Reported 5 months ago
Nvidia's stock reached a record high of $1,038 and is set to undergo a 10-for-1 stock split, meaning existing shareholders will receive 10 shares for every 1 they own at a price 10% of the market value. This move follows a 150% increase in its dividend and a significant rise in profits and sales. The stock split and dividend increase indicate Nvidia's confidence in its future growth, despite the cyclical nature of business. The company's strong performance and commitment to shareholder returns are noteworthy in the current market environment.
Source: YAHOO