FILE - CEO Jensen Huang walks on stage before the keynote address of Nvidia GTC in San Jose, Calif., Monday, March 18, 2024. Nvidia’s stock price has jumped 92% this year as of Wednesday, May 22, increasing the company’s market value by more than $1 trillion. Those numbers are headed higher again Thursday after the company reported better-than-expected quarterly results. stock price has jumped 92% this year as of Wednesday, increasing the company’s market value by more than $1 trillion.
The chipmaker has seen soaring demand for its semiconductors, which are used to power artificial intelligence, or AI applications. The company’sIt’s the latest sign that the excitement surrounding artificial intelligence likely won’t subside anytime soon. Nvidia, which has positioned itself as one of the most prominent players in AI, has been producing some eye-popping numbers. Here’s a look:The amount Nvidia Corp.’s market value has increased so far this year as of May 22, according to FactSet.
Nvidia’s price at the opening of trading Thursday, making it just the ninth company in the S&P 500 with a share price over $1,000 That will soon change however. On Wednesday, Nvidia announced that it plans a 10-for-1 stock split, meaning there will be 10 times more shares outstanding, but the price of each will be closer to $100 each. The company said the split, effective after markets close on June 7, will make its shares more accessible to employees and investors.
Source: News Formal (newsformal.com)
A Financial Markets Technology Microsoft Corp. Amazon.Com Inc. F Business Stocks And Bonds U.S. News Meta Platforms Inc. U.S. News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Roll Call, May 22, 2024: Former Alabama Swimming Coach Inducted Into ISHOF Class of 2024Former legendary Alabama swimming and diving coach Dennis Pursley will be inducted into the International Swimming Hall of Fame (ISHOF) in October as the organi
Source: SInow - 🏆 273. / 63 Read more »
2024 NFL Schedule Release Roundup: Everything to know about Buffalo Bills' 2024 slateHere’s everything you need to know about the Buffalo Bills’ 2024 NFL schedule.
Source: SInow - 🏆 273. / 63 Read more »
2024 NFL Schedule: Predicting the Jaguars' 2024 SlateWhat do we think the Jaguars' schedule could look like when it is released on Wednesday?
Source: SInow - 🏆 273. / 63 Read more »
Source: FOXSports - 🏆 280. / 63 Read more »
Source: Covers - 🏆 341. / 59 Read more »
Source: motorauthority - 🏆 61. / 68 Read more »