Sarah Patel's Avatar
published in Blogs
Jul 20, 2021
Nvidia (NVDA, $183.75) shares fall, on 4-1 stock split

Nvidia (NVDA, $183.75) shares fall, on 4-1 stock split

Shares of chipmaker Nvidia  moved lower Tuesday, ahead of a stock split.

In late May, Nvidia told investors that it would execute a four-for-one stock split beginning on July 20, that included shareholders of record on June 21. This would lead to an investor holding one share at $750 each to four at $187.80 each, but without any change to the chipmaker's market value.

The company’s shares have rallied around 52% so far this year, on the back of  gaming and cryptocurrency mining and its expanding footprint in artificial intelligence.

Related Tickers: NVDA
Related Portfolios: Industry focus - Semiconductor stocks,SEMICONDUCTOR EQUIPMENT & MATERIALS