Although Borsa Istanbul has been going through turbulent days recently, global markets, especially technology companies, continue their positive course. In parallel with the development in artificial intelligence and chip technology; The increase in the revenues of technology companies operating globally, especially in the United States, is followed by the increase in their stocks. Leading among these companies Nvidia shares it last exceeded $1200 per lot. Nvidia stock, which peaked with record revenue, has split as of today. Let’s take a look at the details together with Mobile followers…
Nvidia Stock Split After Peaking with Record Revenue in 2024
Nvidia Corporation Santa Clara, or simply Nvidia as it is known to the public, continues to increase its earnings exponentially every quarter. Finally, the company disclosed its financial data to the public last May; $26 billion revenue He stated that he got it. Expectations were that the company would announce revenue of $24.5 billion. The quarterly revenue increase of the company, which announced revenues above expectations, was 262 percent.
In the figures for the 3-month period ending April 28 (the financial calendar in our country and the financial calendar in the USA are different); It was observed that the company’s net profit for the period also recorded a record increase. Nvidia net profit figure increased by 628 percent on a quarterly basisrose to the 15 billion dollar limit. This figure was recorded as the highest net profit the company has ever made in a quarter.
Nvidia, which produced a net profit of $0.82 per share last quarter, increased its net profit to $5.98 per share after the record increase in net profit.
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Share Split Announcement Came Last Month!
Being one of the global locomotive companies of the technology sector, Nvidia Corporation Santa ClaraFollowing the balance sheet announcement made by last month; A statement was also made that there would be a share split.
Jensen Huang, Founder and Chief Executive Officer (CEO) of Nvidia, in his statement on the subject; They declared that they would go for a spin-off “to make share ownership more accessible to employees and investors.” The famous CEO also announced that they will “create a new type of data center to produce artificial intelligence, a new commodity.”
Nvidia Stock Split Happened in 2024!
The division announced by Nvidia’s Founder and Chief Executive Officer (CEO) Jensen Huang last month has taken place as of today. Nvidia share lot price, which is traded on the NASDAQ Stock Exchange under the code NVDA, decreased from 1200 dollars to 120 dollars. After the 10-fold split, investors NVDA shares It is thought that they will be able to buy it more easily and this may help increase the volume in the stock.
Nvidia, which currently has a market value of 3 trillion dollars, It has gained nearly 150 percent in value since the beginning of the year alone.. Providing a significant return to its investors, the company alone has a market value greater than the total value of all companies in Borsa Istanbul.