Nvidia announces 10-for-1 stock split, shares hit $1,000
Nvidia is rolling out a 10-for-1 stock split, cashing in on the AI boom it has been driving and giving investors a hefty nugget.
The stock has advanced over 91% this year, closing at $949.50 per share on Thursday in the extended session shares rose past the $1,000 mark.
Post split, which is effective on June 7, 2024, one Nvidia share would be worth $94.95. Nvidia shares have risen over 231,485% since its IPO in January 1999.
The announcement came as first quarter revenue of $26 billion...
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