You are currently offline

Nvidia’s recent announcement of a 10-for-1 stock split aims to make its shares more accessible to individual investors

Nvidia, a prominent AI chipmaker based in Santa Clara, achieved a significant milestone by surpassing a market value of $3.019 trillion, surpassing Apple’s $2.99 trillion and trailing only behind Microsoft’s $3.15 trillion. This positions Nvidia as the second-largest publicly traded company in the US and one of the few worldwide with a market value of $3 trillion. The surge in Nvidia’s stock price, up 5.2% to around $1,224.4 per share, contributed to record highs in major markets like the S&P 500 and Nasdaq.

Nvidia’s dominance in artificial intelligence on Wall Street is evident, with its stock price soaring by 147% this year and an impressive 239% increase in 2023. The company’s stronghold in the AI semiconductor market, accounting for about 70% of all sales, is a key driver of this remarkable growth, significantly outperforming Apple’s modest 1.7% gain during the same period.

Nvidia continues to innovate with the introduction of new AI chip platforms. The CEO announced the upcoming release of Rubin, its most potent AI chip platform, in 2026, succeeding the highly acclaimed Blackwell, dubbed the “world’s most powerful chip,” upon its launch in March 2023. These advancements underscore Nvidia’s commitment to pioneering cutting-edge technology for data centers and beyond. Additionally, Nvidia’s recent announcement of a 10-for-1 stock split aims to make its shares more accessible to individual investors, further enhancing its appeal to the market. The split is set to commence on June 10, making the company more accessible to prospective investors.

Founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem, Nvidia initially focused on computer chips. The company coined the term GPU (Graphics Processing Unit) with the release of the GeForce 256 in 1999. Nvidia’s name, a fusion of the Latin word for envy, “invidia,” and “video,” reflects its evolution beyond graphics into AI. Notable contributions include the CUDA architecture in 2006, enhancing parallel computing, and products like GeForce Now and the Shield line, transforming gaming experiences. Despite its unsuccessful attempt to acquire ARM Holdings in 2021, Nvidia’s unique environmental initiatives, such as the AI for Climate initiative, demonstrate its commitment to addressing climate challenges using AI technology.

Nvidia’s stock price, up 5.2% to around $1,224.4 per share
Nvidia’s stock price, up 5.2% to around $1,224.4 per share
blank

blank strive to empower readers with accurate insightful analysis and timely information on a wide range of topics related to technology & it's impact

Post a Comment (0)
Previous Post Next Post