Shares of the chipmaker climbed 3.2 per cent to $135.21, lifting its market capitalization to $3.326-trillion, just days after overtaking iPhone maker AppleThe stock has surged about 173 per cent so far this year, compared with a rise of about 19 per cent in Microsoft shares, with demand for its top-of-the-line processors outpacing supply.
Increasing the appeal for its highly valued stock among individual investors, Nvidia recently split its stock ten-for-one, effective June 7. “A stock split can reduce the price per share, making it more affordable for individual investors to buy. With Nvidia doing a 10:1 stock split, retail investors are the real winners here,” said Sam North, market analyst at investment platform eToro.
The company’s market value expanded from $1-trillion to $2-trillion in just nine months in February, while taking just over three months to hit $3-trillion in June. Study and track financial data on any traded entity: click to open the full quote page. Data updated as of
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