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Investors Rejoice: NVIDIA's 10-for-1 Split NVIDIA , a company that makes semiconductor chips, announced a 10-for-1 stock split. This means if you own one share of NVIDIA , you will soon have ten shares. They also reported very strong earnings for the first quarter. "The stock split makes sense because the stock price has gone up so much," says Brian Colello, a technology expert at Morningstar . Nvidia's stock price has increased by more than 90% this year and over 200% in the past year. This growth is due to the importance of their chips in artificial intelligence. The stock is now trading at over $1,000 per share, compared to $495 at the end of 2023. In May 2023, the stock was around $305 per share before the company reported strong earnings, which boosted interest in AI stocks. The last time NVIDIA split its stock was in July 2021, when they issued three new shares for every one share (a four-for-one split). #Finance #Nvidia #AI #StockGrowth #Investors

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Parth Dadhore

KMC'25 | HP | Management Consultant Intern | Rank 1 | Financial Analyst Intern | Passion for Artificial Intelligence | G20 | MyGov | B. Com. | NSS KMC | TEDx

5mo

Insightful!

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