Nvidia released its fiscal first-quarter earnings report on Wednesday, along with news of a planned 10-for-1 stock split.
Shares in the chipmaking giant will begin trading on a split-adjusted basis when the market opens on June 10, according to a release.
The split announcement, along with better-than-expected financial results, were just the latest in a long line of good news for Nvidia investors.
Shares sprung up by 7% at the opening bell on Thursday, pushing the share price over $1,000.
Plus, a stock split announcement tends to coincide with strong recent financial performance, and could signal that the company believes more is on the way.
Persons:
Sam Stovall, Stovall
Organizations:
Nvidia