Nvidia’s stock price has more than doubled this year after more than tripling in 2023 and it is now the third most valuable company in the S
The company is about to conduct a stock split that will give each of its investors nine additional shares for every one they already own.
The technology company has seen growing demand for its semiconductors, used to power artificial intelligence (AI) applications. The company’s revenue more than tripled in the last quarter compared to the same period a year earlier.
Nvidia, which has positioned itself as one of the most important players in AI, has some mind-blowing numbers.
Nvidia’s market capitalization as of Wednesday afternoon. Earlier this year, it overtook Amazon and Alphabet to become the third most valuable public company, behind Microsoft (US$3.168 billion) and Apple (US$3.029 billion).
The company was valued at around US$418 billion two years ago.
Nvidia’s market capitalization increase on Wednesday only.
The company’s 10-for-1 stock split takes effect at the close of trading on Friday, June 7. All investors who have shares as of Thursday, June 6 will receive nine additional shares for every share they already own.
Publicly traded companies occasionally do stock splits to make their stock more affordable to investors. Nvidia stock closed Wednesday at US$1,224.40 and is just one of 11 companies in the S
Nvidia’s latest quarterly revenue. That’s more than triple the $7.2 billion it reported for the same period a year ago. Wall Street expects Nvidia to generate $117 billion in revenue in fiscal 2025, which would be nearly double its 2024 revenue forecast and more than four times its revenue from the previous year.
Nvidia’s estimated net margin, or the percentage of revenue turned into profit. Said another way, about 53 US cents of every US dollar of revenue Nvidia made last year was profit. For comparison, Apple’s net margin was 26.3% in its most recent quarter and Microsoft’s was 36.4%. However, these two companies have significantly higher revenues than Nvidia.