Nvidia (NASDAQ: NVDA) executed a 10-for-1 stock split after the market close on June 7. The event reduced its trading price from about $1,200 to $120 a share, but that doesn’t change any of its underlying fundamentals. The chipmaker still has a market cap of about $3 trillion, but investors can now buy smaller slices […]
Semiconductor giant Nvidia (NASDAQ: NVDA) came out with stellar results for the first quarter of fiscal 2025 (ending April 28, 2024), with revenue and earnings easily beating the Wall Street consensus estimates. The company’s booming artificial intelligence (AI)-powered data center segment has been the main reason for this exceptional performance. Data center revenue was up […]
Nvidia‘s (NASDAQ: NVDA) recent stock split may have been one of the most anticipated events on investors’ financial calendars. On June 7, the company completed its 10-for-1 stock split, and the stock will begin trading at the split-adjusted price on Monday, June 10. A stock split involves issuing more shares to current holders to bring […]
Nvidia (NASDAQ: NVDA) is the latest high-flying tech stock to conduct a stock split, but it won’t be the last. Nvidia’s share price increased a whopping 550% from the start of 2023 to the time it announced its 10-for-1 stock split on May 22. That growth was fueled by a rapid rise in demand for […]
U.S. employers remain on a hiring spree. The tech-heavy Nasdaq, helped by Nvidia, led weekly gains for the stock market. GameStop didn’t get any help from ‘Roaring Kitty’ post his public appearance. Former President Donald Trump is shaking up Silicon Valley. Elon Musk picks a city for his AI supercomputer. Red Lobster may be forced […]
Stock splits are back in vogue. After several years with hardly any stock splits on the market, big companies now seem to be eager to reverse course. Nvidia (NASDAQ: NVDA), for example, just became the fifth of the “Magnificent Seven” stocks to split its shares in less than four years, announcing a 10-for-1 stock split […]
Buying a high-priced stock can be tricky since there’s always the risk you may end up buying it at or near its peak. And even though a business is growing, the inevitable question becomes whether the business is growing fast enough to justify its valuation. Nvidia (NASDAQ: NVDA) is an excellent example of that. At […]
BlackRock is responsible for more than $10 trillion in client funds, making it the world’s largest asset manager. Around $3.3 trillion of that is managed by its iShares subsidiary, which offers more than 1,400 exchange-traded funds (ETFs) to investors. The iShares Semiconductor ETF (NASDAQ: SOXX) is one of those 1,400 funds, and thanks to its […]
Shares of the hottest stock on the S&P 500 increased tenfold on Friday. After the market’s close, Nvidia’s 10-for-1 stock split, which was announced in May during the company’s most recent earnings call, went into effect. But it will do little to change the company’s $3 trillion valuation or its underlying fundamentals, which so far, […]
Nvidia’s AI Chip Has A Tough Competitor From China – Huawei’s Latest Ascend 910B Nvidia Corp (NASDAQ:NVDA) faces competition from Huawei Technologies Co’s latest AI chip, the Ascend 910B, which a Huawei executive claims matches or surpasses Nvidia’s A100 in some tests. The Ascend 910B delivers 80% of the A100’s efficiency when training large language […]
On Monday, the stock price of Nvidia (NASDAQ: NVDA) will fall about 90%. But don’t worry, Nvidia holders — you’ll also have 10 times as many shares, as the company will perform the 10-for-1 stock split it announced on its May 22 earnings call. Stock splits don’t change the underlying valuation of a company, but […]
The advent of artificial intelligence (AI) has been a boon to many companies, but arguably none more so than Nvidia (NASDAQ: NVDA). As the leading supplier of processors used for AI, the company has experienced unprecedented growth. In the company’s fiscal 2025 first quarter (ended April 28), Nvidia’s revenue grew 262% year over year to […]