Nvidia topples Apple with $3 trillion market cap; 10-for-1 stock split ahead
What is Nvidia's current market value and how does it compare to Apple and Microsoft?
Nvidia's current market value is $3.01 trillion, making it the second-most-valuable company in the world. It surpassed Apple's market value, which stands at $3.00 trillion, by a slim margin. Microsoft holds the title of the world's most valuable company, with a market capitalization of $3.15 trillion. Nvidia's rise in market value can be attributed to the ongoing AI boom, as it is a major supplier of AI-enabling GPU chips.
What significant financial milestone did Nvidia achieve, making it one of only three U.S. companies to do so?
Nvidia achieved a significant financial milestone by reaching a market capitalization of $3 trillion, making it one of only three U.S. companies to accomplish this feat. This milestone was achieved as the company's stock surged 5.2% to $1,224.40, propelling its market value above the $3 trillion mark. Nvidia's rapid growth has been attributed to its strong position in the artificial intelligence (AI) chip market, where it has established itself as the clear leader.
Can you detail the specifics of Nvidia's upcoming 10-for-1 stock split, including key dates for shareholders?
Nvidia's upcoming 10-for-1 stock split will affect shareholders of Nvidia common stock as of market close on Thursday, June 6. Investors will receive nine additional shares for each share they hold after market close on Friday, June 7. Split-adjusted trading will begin on Monday, June 10. After the split, there will be 10 times as many shares of Nvidia common stock, lowering the price of individual shares without impacting the total value of investors' Nvidia holdings or the company's market cap3. If Nvidia shares were trading at $1,000 before the split, an investor holding one share before the split would hold 10 shares priced at $100 each after the split.