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Image source: Getty Images. Details about Nvidia's stock split. First, a few details about the stock split.Nvidia issued the new shares to current holders after the close of trading on June 7.
Now entering the stock split zone. Nvidia is joining its megacap tech peers, becoming the fourth "Magnificent Seven" stock to split since 2022.The chip giant’s 10-for-1 stock split, which will ...
Shares in this artificial intelligence titan have become significantly cheaper, but its massive market cap remains the same.
The stock split might be a nice bonus for investors, but the real reason to buy Nvidia stock is its dominance in generative AI hardware, and its growth potential as the AI market continues to develop.
Image source: Getty Images. 1. Nvidia stock isn't cheaper than it was before. Nvidia stock, at the split-adjusted price, now is trading for about $120 a share compared with more than $1,200 last week.
Management announced a 10-for-1 stock split "to make stock ownership more accessible to employees and investors." The split is scheduled to take place after the market close on Friday, June 7.
Following Nvidia's 10-for-1 stock split, Broadcom announced a similar 10-for-1 split when it reported fiscal second-quarter earnings after hours on June 12. ... Getty Images. Broadcom was due for ...
Image source: Getty Images. Trading at a lower price. First, as mentioned, a stock split lowers the price of each share. But this sort of operation doesn't change the overall market value of the ...