Nvidia’s 10-for-1 stock split takes effect Monday, giving investors nine additional shares for every share they already own.
Nvidias Its share price has more than doubled this year, after tripling in 2023, and it is now the third most valuable company in the S.&P500. This quick ride allowed Nvidia to briefly overtake Apple as the second most valuable company in the US last week. Nvidia surpassed its market value of $3 trillion.
The chipmaker has seen rising demand for its semiconductors, which are used to power artificial intelligence applications. The companies turnover has more than tripled in the last quarter of the same period a year earlier.
Nvidia, which has positioned itself as one of the most prominent players in AI, has produced some eye-catching numbers. Here’s a closer look:
Nvidia’s total market value as of Wednesday. Earlier this year, it overtook Amazon and Alphabet to become the third most valuable publicly traded company, behind Microsoft ($3.168 trillion) and Apple ($3.029 trillion). The company was valued at about $418 billion two years ago.
That’s the one-day increase in Nvidia’s market value on Wednesday.
The company’s 10-for-1 stock split took effect at the end of trading on Friday. This move gives each investor nine additional shares for every share they already own.
Companies often conduct stock splits to make their shares more affordable to investors. Nvidia shares closed Wednesday at $1,224.40 and it’s just one of eleven companies in the S&P500 with a stock price above $1,000.
After the stock split, Nvidia opens Monday at $120.89.
Revenue for Nvidia’s most recent fiscal quarter. That’s more than triple the $7.2 billion it reported in the same period a year ago. Wall Street expects Nvidia to generate $117 billion in revenue in fiscal 2025, which would be nearly double its 2024 revenue and more than four times its revenue the year before.
Nvidia’s estimated net margin, or the percentage of revenue that turns into profit. Looked at another way, about 53 cents of every $1 of revenue Nvidia brought in last year went to the bottom line. By comparison, Apple’s net margin was 26.3% and Microsoft’s was 36.4% in the most recent quarter. However, both companies have significantly higher revenues than Nvidia.