Nvidia Just Split Its Stock -- Here's What It Means for Investors

By Matt Frankel and Tyler Crowe – Jun 29, 2024 at 6:07AM

NASDAQ: NVDA

Nvidia

Market Cap

$3,039B

Today's Change

(-0.36%) -$0.45

Current Price

$123.54

Price as of June 28, 2024, 4:00 p.m. ET

The high-flying AI stock just completed a 10-for-1 split. It's important to know exactly what that means.

Nvidia (NVDA -0.36%) has been one of the stock market's biggest success stories in 2024 and recently decided to complete a 10-for-1 stock split. While this can certainly be an encouraging sign, Fool.com contributors Matt Frankel, CFP®, and Tyler Crowe discuss what it means (and doesn't mean) to investors and highlight some high-priced stocks that might not be inclined to follow Nvidia's lead.

*Stock prices used were the morning prices of June 24, 2024. The video was published on June 25, 2024.

Matt Frankel has positions in Markel Group and MercadoLibre. Tyler Crowe has positions in Markel Group. The Motley Fool has positions in and recommends Markel Group, MercadoLibre, NVR, and Nvidia. The Motley Fool has a disclosure policy.

Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.