Nvidia Hits $1,215, Completes 10-for-1 Stock Split on June 10

Jun 10, 2024, 12:15 PM

Nvidia's stock has reached a significant milestone, hitting $1,200 per share for the first time ever and briefly surpassing $1,215. Following this achievement, Nvidia executed a 10-for-1 stock split, which took effect on June 10, 2024. This stock split is intended to make shares more accessible to retail investors by increasing the number of outstanding shares while maintaining the company's market valuation. Nvidia's stock is now trading at approximately $120 per share post-split. Vijay Rakesh of Mizuho Securities has raised his price target on Nvidia to $127, citing the benefits for retail investors. Nvidia's market value has surged to $3.011 trillion, with a one-day increase of $147 billion.