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CDS Crypto News Breaking Crypto News – Nvidia vs. Apple: Nvidia’s 10-to-1 Stock Split and Unmatched Performance

Crypto News

Breaking Crypto News – Nvidia vs. Apple: Nvidia’s 10-to-1 Stock Split and Unmatched Performance

lectertodd10/06/20241 Mins read43

Breaking Crypto News - Nvidia vs. Apple: Nvidia's 10-to-1 Stock Split and Unmatched Performance

Breaking Crypto News – Nvidia vs. Apple: A Comparative Analysis of Performance and Stock Growth

Breaking Crypto News – Since the beginning of 2024, the stock price of American chipmaker Nvidia has increased by more than 25 times, surpassing Apple’s value just before its much-awaited 10-to-1 stock split is set to commence. According to Nasdaq data, Nvidia’s shares have increased by almost 150% since the start of 2024, while Apple’s shares have increased by just 6% YTD. In the short run, Nvidia has also outperformed Apple stock. Nvidia’s price increased by 34% on the monthly chart, but Apple‘s stock increased by just over 7%.

Table of Contents

Nvidia Becomes 5th Share Split Between The Magnificent Seven

Prior to the June 10 stock split, Nvidia shares saw a sharp decline in pre-market trading on Monday. As of 11:40 am UTC, Nvidia was down 0.25% in pre-market trading, trading at $120.89. However, over the last five days, Nvidia’s shares have increased by almost 10%, based on data from Yahoo Finance. The producer of chips has split as the fifth of the “Magnificent Seven” stocks since 2022. Other companies that have split their stock include Alphabet, Apple, Tesla, and Amazon.

FAQ

What Does 10 to 1 Stock Split Mean?

After the market closes on Friday, the massive semiconductor company Nvidia (NVDA) will begin its much-awaited 10-for-1 stock split. Due to this calculated strategy, Nvidia will issue ten times as many common shares at a discounted price per share.

What’s Driving Nvidia’s Value Increase?

Nvidia is the biggest chip maker in the world. The rising demand for semiconductor chips, mostly as a result of artificial intelligence (AI) algorithms, is what is driving the increase in its valuation.

What are the Seven Magnificent Stocks?

These stocks include Nvidia, Meta Platforms, Tesla, Amazon, Alphabet (Google), Microsoft and Apple.

What Does a Stock Split Do?

A stock split may increase interest among retail investors, but it may also increase volatility.

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lectertodd

Lectertodd is 25 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.