The company’s 10-for-1 stock split goes into effect at the close of trading on Friday, June 7, and is open to all shareholders of record as of Thursday, June 6. The move gives each investor nine additional shares for every share they already own.
Companies often conduct stock splits to make their shares more affordable for investors. Nvidia’s stock closed Friday at US$1096.33, making it just the ninth company in the S&P 500 with a share price over US$1,000.
US$26 billion
Revenue for Nvidia’s most recent fiscal quarter. That’s more than triple the US$7.2 billion it reported in the same period a year ago. Wall Street expects Nvidia to bring in revenue of US$117 billion in fiscal 2025, which would be close to double its revenue in 2024 and more than four times its receipts the year before that.
US$96.6 billion
That’s the increase in Nvidia’s market value as of early trading on Monday. The gains came following announcements from Nvidia at the Computex 2024 exposition detailing advancements and plans for its AI technology.
US$2.83 trillion
Nvidia’s total market value as of the close of trading Friday. Earlier this year, it passed Amazon and Alphabet to become the third most valuable public company, behind Microsoft (US$3.17 trillion) and Apple (US$2.98 trillion). The company was valued at around US$418 billion two years ago.
53.4 per cent
Nvidia’s estimated net margin, or the percentage of revenue that gets turned in profit. Looked at another way, about 53 cents of every US$1 in revenue Nvidia took in last year went to its bottom line. By comparison, Apple’s net margin was 26.3 per cent in its most recent quarter and Microsoft’s was 36.4 per cent. Both those companies have significantly higher revenue than Nvidia, however.
