Nvidia has completed its 10-for-1 stock split, as the GPU powerhouse seeks to lower its share price to help new investors acquire shares.

Last Friday Nvidia’s share price, which had been trading around $1,200 per share, underwent a 10-for-1 stock split, with its share price trading at $120 on Monday.

On Wednesday morning Nvidia’s share price was trading at $121.91.

Nvidia’s share price has rocketed in value during the past 12 months, so much so that last week the firm briefly overtook Apple to become the second most valuable tech firm in the world, worth over $3 trillion.

More affordable shares

With Nvidia’s share price last week trading at around $1,224.40 – the high price made it difficult for some investors to purchase whole shares.

So the Associated Press reported that Nvidia carried out a stock split at the close of trading last Friday, where it divided its existing shares to increase the number of shares available to investors.

Nvidia carried out a 10-1 stock split, which means each share was divided in 10.

This means that if an investor previously had 10 Nvidia shares, they will now have 100.

However, the value of the investor’s overall shareholding will remain the same, as the share price was also divided up.

Meteoric shares

Nvidia’s stock price has endured a meteoric rise in recent years, after it more than tripled in 2023.

Indeed in May 2023 Nvidia’s market value had surpassed the $1 trillion mark.

So far in 2024, Nvidia’s share price has more than doubled.

Indeed, it was only in February 2024 when Nvidia’s Q4 and FY24 results had helped push the firm’s market value (market capitalisation) close to the $2 trillion mark.

Then just three months after reaching close to the $2 trillion mark, Nvidia added another $1 trillion in market value, which is quite a remarkable achievement.

Nvidia has seen soaring demand for its semiconductors, which are used to power artificial intelligence applications.

Tom Jowitt

Tom Jowitt is a leading British tech freelancer and long standing contributor to Silicon UK. He is also a bit of a Lord of the Rings nut...

Recent Posts

Hackers ‘Publish Walt Disney Internal Slack Data’

Hackers reportedly publish data from thousands of Disney internal Slack communications, including data on strategy…

7 hours ago

Apple Shares Reach All-Time High On AI Optimism

Apple shares surge after Morgan Stanley rates company 'top pick' over AI plans and says…

7 hours ago

Musk Confirms Robotaxi Delay For Design Change

Elon Musk confirms delay of Tesla robotaxi launch as company's shares surge after he publicly…

8 hours ago

Silicon UK In Focus Podcast: The Value of Data

Discover the transformative power of data in our latest podcast. Learn how leveraging data can…

8 hours ago

Smartphone Market Recovery Heading For ‘Slow, Steady Growth’

Global smartphone market shows growth for third consecutive quarter as it recovers from weakest year…

8 hours ago

Huawei Completes Massive $1.4bn R&D Campus With ‘100 Cafes’

Huawei Technologies completes work on massive centralised R&D campus as it seeks to develop domestic…

9 hours ago