Reported about 1 year ago
Nvidia's 10-for-1 stock split has been implemented, providing investors with nine additional shares for each existing share owned, leading to a slight share price decrease to $119.77. The chipmaker's stock price has doubled this year, propelling Nvidia to become the third most valuable company in the S&P 500, briefly surpassing Apple. Nvidia's market value exceeds $3 trillion, driven by high demand for its semiconductors in artificial intelligence applications, with a revenue increase of over triple in the latest quarter from the same period last year. The company's estimated net margin is 53.4%, marking significant financial growth.
Source: YAHOO