NVIDIA Stock Split: A Stockholder's Dream
10-for-1 Split to Make Shares More Accessible
Semiconductor giant NVIDIA has unveiled plans for a 10-for-1 stock split, a move that could make its shares more appealing to a broader range of investors.
Stellar Performance Fuels Stock Split Decision
NVIDIA's stock has enjoyed a remarkable run in recent years. Entering 2023 at $146.07 per share, it closed at $762.00 on April 19, 2024, marking a staggering 422% gain in just 16 months. This impressive performance has been fueled by surging demand for its AI, graphics, and artificial intelligence technologies.
The company's addition to the Dow Jones Industrial Average, a price-weighted index, would significantly impact the index's composition. NVIDIA's current market capitalization would make it the largest constituent, twice the size of the current top weight. This would further solidify NVIDIA's status as a market leader in the semiconductor industry.
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