Table of Contents
Nvidia's 10-for-1 stock split has taken effect, with the company's stock price declining slightly to $119.77 after the market opened on Monday. The chipmaker's stock has more than doubled in value this year and is now the third most valuable company in the S&P 500, surpassing $3 trillion in market value. The company has seen soaring demand for its semiconductors, which are used to power artificial intelligence applications, leading to a more than tripled revenue in the latest quarter. Nvidia's stock split aims to make its shares more affordable for investors, with the company's stock being one of only 11 in the S&P 500 with a share price over $1,000. Wall Street expects Nvidia to bring in revenue of $117 billion in fiscal 2025, close to double its revenue in 2024 and more than four times its receipts the year before that.
