From The Motley Fool: 2024-05-22 18:48:01

Nvidia, a leading chipmaker at the forefront of AI technology, announces plans for a 10-for-1 stock split, following massive growth and a staggering 540% stock jump in the last year. Shareholders of record as of June 6 will receive nine additional shares for each share they own after June 7, with a split-adjusted trading expected to begin on June 10.

While a stock split doesn’t change total value, it can drive excitement and accessibility for investors. Nvidia, posting record first-quarter revenue of $26 billion and a 462% EPS increase, is a strong buy amid the AI boom. With a robust financial performance and anticipation of future AI market growth, Nvidia’s stock potential remains high.



Read more at The Motley Fool: Nvidia Announces a 10-for-1 Stock Split. Here’s What Investors Need to Know.