Shares in NVDA are up roughly 50% so far in 2021, and were trading about $750/share prior to the split.
Nvidia’s impact on the chip industry is underscored by recent performance in its underlying stock. More recently, the chipmaker has been making waves in the artificial intelligence and data center sectors. Nvidia has transformed into one of the hottest names in the tech world as global gamers and cryptocurrency miners have flocked to their offerings. The intent of a split is usually to make shares more affordable to a wider pool of market participants, which in turn can improve the liquidity of the shares in the marketplace. Stock splits occur when companies break up existing shares to create a higher number of lower-value shares.
On July 20, Nvidia completed a 4-for-1 stock split, executing on a plan that was announced back in May 2021.
Last week, Nvidia (NVDA) became the biggest name to follow suit. Last year, Apple (AAPL) and Tesla (TSLA) made big news when each company announced respective stock splits.
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