Nvidia's 10-for-1 Stock Split Has Arrived. Here's What Happens Next.
Nvidia (NASDAQ: NVDA) has become the poster child for the artificial intelligence (AI) revolution. The company supplies the graphics processing units (GPUs) that are critical components in AI systems, driving its stock price into the stratosphere. Since the advent of generative AI early last year, Nvidia's revenue has soared 330%, while its net income surged 952%. This performance, in turn, has pushed its stock price up 488% (as of this writing).
As a result, the stock price currently sits above $1,100 per share, putting it out of reach of many everyday investors -- but all that's about to change. Nvidia's long-awaited 10-for-1 stock split goes into effect after the market closes today.
Let's review the details of this split and what investors can expect in the days and weeks to come.
Source Fool.com
