Nvidia stock split: What's next for the stock and other AI plays
What milestone has Nvidia recently achieved in terms of market capitalization?
Nvidia recently achieved a market capitalization of $3 trillion, becoming only the third U.S. company to reach this milestone. This significant growth has been attributed to the company's pivotal role in the artificial intelligence (AI) revolution, as it has established itself as the clear leader in AI semiconductors. Nvidia's ascent to $3 trillion in market capitalization has been the fastest among U.S. companies, taking only 96 calendar days to go from $2 trillion to $3 trillion.
How much has Nvidia's stock price increased in the past year?
Nvidia's stock price has increased by 212% in the past year. This significant growth pushed Nvidia into the $3 trillion club, making it just the third U.S. company ever to reach that milestone. The 10-for-1 stock split, which will start trading on Monday, follows this substantial price increase.
What is the ratio of Nvidia's upcoming stock split and when will it start trading?
Nvidia's upcoming stock split has a ratio of 10-for-1, which means that for each share of Nvidia stock held by an investor, they will receive ten additional shares. The split-adjusted shares are set to begin trading on June 10, following the announcement made in the first-quarter earnings report.