Nvidia’s stock split into 10 shares, giving investors 9 additional shares for every 1 share they hold.
The stock rose 1% to $122.27 in midday trading on Monday.
Nvidia’s shares have more than doubled this year after more than tripling in 2023, and are now the third most valuable company in the S&P 500. Becomes the second most valuable company in the United States.
The chipmaker has seen soaring demand for semiconductors used to power artificial intelligence applications. The company’s revenue in the latest quarter more than tripled from the same period last year.
Nvidia has positioned itself as one of the most prominent players in artificial intelligence, consistently producing some eye-popping numbers. take a look:
$3.011 trillion
Nvidia’s total market capitalization as of Wednesday. Earlier this year, it surpassed Amazon and Alphabet to become the third most valuable public company, behind Microsoft ($3.168 trillion) and Apple ($3.029 trillion). Two years ago, the company was valued at about $418 billion.
$147 billion
That’s the single-day gain in Nvidia’s market capitalization on Wednesday.
10 for 1
The company’s 10-for-1 stock split takes effect at the close of trading on Friday. The move adds nine shares to each investor already holding.
Companies often conduct stock splits to make shares more affordable for investors. Nvidia’s shares closed Wednesday at $1,224.40, and it was just one of 11 companies in the S&P 500 with shares above $1,000.
$26 billion
Nvidia’s revenue for its most recent quarter. That’s more than triple the $7.2 billion reported in the same period last year. Wall Street expects Nvidia to post revenue of $117 billion in fiscal 2025, which would be nearly double 2024 revenue and more than four times the previous year’s revenue.
53.4%
Nvidia’s estimated net margin, or the percentage of revenue that is converted into profit. To put that into perspective, Nvidia saw about 53 cents of every $1 of revenue going into profit last year. In comparison, Apple’s net profit margin in the most recent quarter was 26.3% and Microsoft’s 36.4%. However, both companies have significantly higher revenue than Nvidia.
