Nvidia began trading in New York after a 10-for-1 stock split and reported strong quarterly results highlighted by a 262% revenue surge to about $26 billion and record data center revenue of $22.56 billion.
No, Nvidia shares are not down 90% in Monday’s deals.
Today, the chipmaker’s shares began trading for the first time in New York following Friday’s 10-for-1 stock split.
The capital reorganisation was designed to make the stock, previously priced above $1,200 per share, more accessible, not just for retail investors but also for Nvidia’s employees.
Nvidia's rapid growth had previously made its shares too expensive for some investors.
The stock split was announced last month when Nvidia reported a remarkable 262% increase in quarterly revenue compared to the same period last year, generating around $26 billion in three months.
Revenue from data centers reached a record $22.56 billion, driven by strong AI chip sales. Gaming revenue was $2.65 billion, up 18% year-over-year but down 8% from the previous quarter due to a decline in laptop GPU sales. Adjusted earnings per share (EPS) soared 629% to $6.12, surpassing Wall Street's expectation of $5.65.
Nvidia's market valuation has now exceeded $3 trillion, placing it alongside Microsoft and Apple as one of only three public companies to achieve this mark.
