Nvidia begins trading at $120 after stock split ...Middle East

The Hill - Technology
Nvidia begins trading at $120 after stock split
source : The Hill ( Middle East ) () 60
Shares in Nvidia began trading at around $120 on Monday morning after the powerhouse chipmaker split its stock.  Nvidia’s 10-for-1 stock split cut the company’s share price, which previously sat around $1,200, by 10. The split makes Nvidia’s shares more affordable without diluting investor holdings or the value of the company.  The chipmaker’s stock dipped slightly Monday morning to $117.60 after opening at $120.35. However, by late morning, it had recovered to $122.38.  Nvidia, whose processors are high in demand among companies developing artificial intelligence (AI), reached a $3 trillion market capitalization for the first time last week and overtook Apple as the second-most

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