The Nvidia share has been almost unstoppable so far, this week the chip manufacturer even overtook Apple and is now the second largest listed company in the world. But the stock split is now pushing the price down again. Is it worth getting in now?
Three percentage points in the share price gain, that’s how much the stock split cost Nvidia so far: The company carried it out on Friday night. It’s not yet reflected in the price, because the stock still costs around 1,200 dollars on the Nasdaq and around 1,100 euros on European stock exchanges. But the split has been completed and means that all shareholders who had the stock in their portfolio at the close of trading on June 6 will now receive ten shares. And in the future, new buyers will be able to buy the stock for around a tenth of the value.
Source: Stern
