The Nvidia stock split was by no means unique. The value of their holding is unaffected. Investors holding this stock will see their number of shares increase by the proportion of the split.

For example splitting the stock in two, thus cutting the price of a single share in a company by half. As the premiere provider of chips used by gamers, cloud aficionados, and data centers alike, Nvidia is well positioned to ride these trends higher.US30 US Wall Street 30 (USA 30, Dow Jones)Ī stock split involves a dilution of shares by a predetermined amount. All told, management estimates Nvidia's total addressable market will grow to $250 billion by 2023, suggesting the company has just scratched the surface of a large and growing opportunity - particularly in light of its fiscal 2022 revenue of just $26.9 billion. The gaming, cloud computing, and data center markets are all growing by leaps and bounds. The company also expects to expand its already juicy gross profit margin by roughly 50 basis points. Nvidia is guiding for fiscal 2023 first-quarter revenue of $8.1 billion, up 43% year over year at the midpoint of its guidance and up 6% sequentially. Management expects the company's robust growth to continue.

Many other cloud and data center providers rely on Nvidia.īroad adoption by cloud platforms big and small pushed the company's data center revenue up by 58% in fiscal 2022. Amazon Web Services (AWS), Alphabet's Google Cloud, and Microsoft Azure all trust their processing to Nvidia, as do Alibaba Cloud, IBM Cloud, and Oracle Cloud - and that's just the big dogs.

Nvda stock split announcement