From MoneySense: 2024-06-13 16:50:28

Nvidia, a U.S. company founded in 1993, has become a leader in AI technology, setting earnings records and experiencing significant stock price growth. Its market cap now exceeds $3 trillion, briefly making it the second-largest company in the world after Microsoft.

A stock split divides existing shares to increase liquidity and affordability for investors, but does not change the total value of the shares. While Nvidia’s 10-for-1 stock split may make shares appear more affordable, the underlying valuation remains the same, with the stock trading at 42 times forward earnings.



Read more at MoneySense: What does Nvidia’s stock split mean for Canadian investors?