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

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 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.

That the company was again able to exceed Wall Street’s predications for its booming sales growth on Wednesday isn’t entirely surprising. Many of the major tech giants, including Microsoft, Meta, Alphabet and others, have announced in recent weeks that they’re continuing to pour billions of dollars into building AI infrastructure, and no company is better poised to be the beneficiary of that investment than Nvidia.

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