Nvidia Announces 10-for-1 Stock Split
A Major Move for the Chipmaker
Nvidia shares closed on Wednesday at $949.50. With a 10-for-1 split based on that price, each share would cost $94.95. This marks the largest stock split to date for the chipmaker whose graphics processing units (GPUs) are used in everything from video games to artificial intelligence.
Year to date in 2024, Nvidia is up 82%, and that's after a 56% pullback on March 8. The performance flags Nvidia as one of the best stocks on the market. Nvidia announced a 10-for-1 stock split on Wednesday, making buying shares in the red-hot semiconductor company more affordable for individual investors. Stock Advisor returns as of May 13, 2024.
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