Nvidia’s incredibly pricey shares are about to get much cheaper

Nvidia announced a 10-for-1 stock split on Wednesday, making buying shares in the red-hot semiconductor company more accessible for individual investors.

Nvidia announced a 10-for-1 stock split on Wednesday, making buying shares in the red-hot semiconductor company more accessible for individual investors. Five years ago, an investor could have purchased Nvidia stock for less than $50 a share. But since then, the stock has exploded more than 2,500%. A single share in the company was worth $949.50 as of Wednesday’s close. Nvidia’s (NVDA) announcement, which came in its quarterly earnings report, means that each common share will be split into 10 smaller shares, effectively cutting the price of investing in the company. The company posted yet another quarter of strong financial results on Wednesday, as well. Nvidia reported a 262% increase in revenue and a 462% increase in profits year-over-year. Nvidia’s post-split shares will begin trading at the market open on June 10, coming at a time when Nvidia’s stock has been on a tear, fueled by investor enthusiasm about the company’s role in artificial intelligence. Nvidia shares rose as much as 4% in after-hours trading following the report.