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NVIDIA Hits $1,200 Per Share for First Time, Peaking at $1,208 Ahead of 10-to-1 Split

Jun 5, 2024, 04:58 PM

NVIDIA (NVDA) has reached a significant milestone by hitting $1,200 per share for the first time ever, peaking at $1,208. This marks an all-time high for the company's stock, which has seen a significant rise, being up over 50% from its April 19 lows. The surge comes just before a planned 10-to-1 stock split. A notable block trade of 500,000 shares was executed at $1,205.91. NVIDIA's market capitalization is now just $22 billion less than Apple's, raising speculation about whether it could soon surpass Apple. The stock also briefly reached $1,210 and aims for a $3T market cap.