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When does nvidia stock split9/28/2023 ![]() Through its Mellanox acquisition, NVDA expanded its DC footprint from AI-accelerators to providing highspeed networking interconnects. ![]() Today, its parallel processing capabilities, supported by thousands of computing cores are essential for deep learning AI algorithms in data centers. The GPU was initially used to create graphics for video games and film. Schafer said, “Nvidia has transformed from a graphics company to becoming a premier leading AI computing platform company. In its most recent Q4 earnings report, the company reported full-year 2021 revenue and earnings of $16.68 billion and $10 per share, up 53% and 73% year-over-year respectively.Īnticipating a robust performance in the upcoming Q1 report, Oppenheimer analyst Rick Schafer maintained a Buy rating on the stock with a price target of $700, which implies 16.7% upside potential to current levels. The shares are to be distributed after the close of trading on July 19, and trading on the newly split shares will begin on July 20. Upon approval of the split, each shareholder of Nvidia as of June 21, will receive a stock dividend of 3 additional common shares for every share held. The split is conditional on approval from shareholders at the company’s Annual Meeting to be held on June 3. ![]() Nvidia is a global technology company that designs and manufactures computer graphics processors, chipsets, and related multimedia software. Shares of the company jumped 2.6% to close at $599.67 on May 21. ![]() The proposed split will increase the chipmaker’s outstanding common shares to 4 billion. Nvidia Corporation ( NVDA) announced that the board has declared a 4 for 1 stock split in the form of a stock dividend to make its shares more accessible to a larger number of employees and investors. ![]()
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