Nvidia's Stock Split and Performance

TapTechNews June 11, the stock of Nvidia started trading on the US stock market this Monday with a share split adjustment ratio of 10 to 1, splitting the original 1 share into 10 new shares. Driven by strong earnings and guidance, the stock has risen by more than 27% since the split was announced.

Nvidia's stock price has skyrocketed by 212% in the past year and is the third company in the US to break through a market capitalization of 3 trillion US dollars. On June 6, the company surpassed Apple to become the second-highest-valued company in the world and is approaching Microsoft.

David Kostin, a stock analyst at Goldman Sachs, said: In theory, when a company undergoes a stock split, its fundamental value does not change. However, from an empirical research perspective, the academic literature generally finds that the stock split announcement has a positive effect.

In addition, the stock split will make it easier for more retail traders to access Nvidia.

As of the time TapTechNews released this article, Nvidia closed up 0.75% at $121.79 per share on June 10 in the US Eastern Time.