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Nvidia stock split: You could own a Nvidia share for $95
Nvidia released its hotly anticipated earnings for the past quarter and it did not disappoint. Along with the highest sales for a quarter ever, the company also announced a 10-for-1 stock split for investors.
10-for-1 Stock Split
What this stock split will mean, is that the original price of one share, will be divided into ten. While this doesn't have much of an impact on the Nvidia financially, in their release they said the stock split will make ownership “more accessible to employees and investors."
The most recent closing price for Nvidia shares is $949.50. With a 10-for-1 split based on that price, each share would cost $94.95.
Earnings results
In post market trading, shares are up just over 6%, with one share cracking the $1,000 line many traders have been anticipating.
In their release, Nvidia reported $6.12 earnings per share and $26 billion of sales for the three-month period ending April 30, smashing analyst forecasts of $5.60 and $24.59 billion (Forbes & FactSet).
Profits ran wild, up by 628% and 268% compared to 2023’s comparable period. This quarter was Nvidia's most profitable and highest sales quarter in history.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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102485811 : What happen if I only got 1 shares? Before they split
DipHunter 102485811 : You will get 10 shares at $95 if it’s $950 before split
Spread Love N Joy 102485811 : You will have 10 after the split.
溫馨提示 102485811 : June 10 Monday you will see 10 shares this price about 100 dollars. A share (split my opinion make traders easy to purchase) feel cheaper lol
MrJJ : So when the time comes, it's OK to buy at a discounted price
Ong Tze Chuan : When split ??
Moomoo Down Under OP Ong Tze Chuan : June 10 this year!
Jeffrey Penuel : too steep for my blood!!! but I'll take 1/2 a share