Nvidia Forecasts Quarterly Revenue Above Estimates, Unveils Stock Split

Don Ma
By Don Ma
May 23, 2024NTD Good Morning

Nvidia announced a 10-for-1 stock split on Wednesday, making buying shares in the red-hot semiconductor company more accessible for individual investors.

Nvidia’s (NVDA) announcement, which came in its quarterly earnings report, means that each common share will be split into 10 smaller shares, effectively cutting the price of investing in the company.

The company also posted yet another quarter of strong financial results on Wednesday. Nvidia reported a 262-percent increase in revenue and a 462-percent increase in profits year-over-year.

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