CNN —Nvidia announced a 10-for-1 stock split on Wednesday, making buying shares in the red-hot semiconductor company more accessible for individual investors.
Five years ago, an investor could have purchased Nvidia stock for less than $50 a share.
Nvidia’s (NVDA) announcement, which came in its quarterly earnings report, means that each common share will be split into 10 smaller shares, effectively cutting the price of investing in the company.
Nvidia shares rose as much as 4% in after-hours trading following the report.
Still, some investors had raised questions ahead of Wednesday’s report about just how long Nvidia could keep the rally going.
Persons:
Nvidia’s, ”, Thomas Monteiro
Organizations:
CNN, Nvidia, Microsoft
Locations:
China