Nvidia 10-for-1 stock split puts share price within reach of more investors
CBSN
Shares chipmaker Nvidia Monday are trading at a fraction of what they were last week, as the result of the company's 10-for-1 stock split, which went into effect at the close of trading on Friday. The move gives each investor of the AI titan nine additional shares for every share they already own.
Shares declined slightly to $119.77 shortly after the market open on Monday.
Nvidia's stock price has more than doubled this year after more than tripling in 2023 and it's now the third most valuable company in the S&P 500. The meteoric ride allowed Nvidia to briefly surpass Apple last week as the second most valuable company in the U.S. Nvidia surpassed $3 trillion in market value.
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