NVIDIA Corp (NASDAQ:NVDA, ETR:NVD) made a positive start to its first trading session since Friday’s stock-split, with price moving 94 cents or 0.78% higher to $121.83.
Friday’s 10-for-1 stock split was designed to make the stock, previously priced above $1,200 per share, more accessible for retail investors and Nvidia employees.
Nvidia’s phenomenal phase of growth had previously left the shares out of reach of some investors.
The stock split was announced last month, as the chipmaker reported a 262% increase in year-on-year quarterly revenue, with some $26 billion generated in the firm’s three-month results.
Data center revenue hit a record $22.56 billion, driven by AI chip sales. Gaming revenue reached $2.65 billion, up 18% year-over-year but down 8% sequentially due to lower GPU sales for laptops.
Adjusted EPS soared 629% to $6.12, exceeding Wall Street estimates pitched at $5.65.
Since then, Nvidia’s market value has exceeded $3 trillion, which puts it alongside Microsoft and Apple as the only three public companies to surpass the threshold.