Nvidia’s (NASDAQ:NVDA) 10-for-1 stock split takes effect today, granting investors nine additional shares for each one they own.
Nvidia’s stock price has surged over 100% this year, following a more than threefold increase in 2023, making it the third most valuable company in the S&P 500. Recently, Nvidia even surpassed Apple briefly as the second most valuable U.S. company, reaching a market value of over $3 trillion.
The chipmaker’s success is driven by high demand for its semiconductors, essential for artificial intelligence applications. The company’s latest quarterly revenue more than tripled compared to the same period last year.
As a leader in AI technology, Nvidia has posted impressive financial figures.
Here are some highlights:
$3.011 Trillion: Nvidia’s market value as of Wednesday. This year, it overtook Amazon and Alphabet to become the third most valuable public company, behind Microsoft ($3.168 trillion) and Apple ($3.029 trillion). Two years ago, Nvidia was valued at approximately $418 billion.
$147 Billion: The increase in Nvidia’s market value in a single day on Wednesday.
10 for 1: Nvidia’s 10-for-1 stock split, effective at the close of trading on Friday, provides each investor with nine additional shares for every share they own. Stock splits are often used to make shares more affordable for investors. Nvidia’s stock closed Wednesday at $1,224.40, one of only 11 companies in the S&P 500 with a share price over $1,000. Post-split, Nvidia will open at $120.89 on Monday.
$26 Billion: Revenue for Nvidia’s most recent fiscal quarter, more than triple the $7.2 billion reported for the same period a year ago. Wall Street forecasts Nvidia’s revenue to reach $117 billion in fiscal 2025, nearly double its 2024 revenue and over four times its 2023 revenue.
53.4%: Nvidia’s estimated net margin, meaning about 53 cents of every $1 in revenue became profit. For comparison, Apple’s net margin was 26.3% and Microsoft’s was 36.4% in their most recent quarters, though both companies have significantly higher revenue than Nvidia.
Featured Image: Megapixl
