At the heart of this optimism is the 2020 acquisition of Arm Technologies. Indeed, as well as the first Nvidia stock split for two decades paving the way for mergers and acquisitions, the company’s position in the artificial intelligence (AI) space is appealing to analysts. Nvidia shares are up 84% over the last 12 months and SaltLight Capital Management continues to tip the American company as one to watch. The news has been received well by investors. Why has the Nvidia stock split sparked a bull run?Īs well as creating more opportunities in the business market, the Nvidia stock split will help create ‘equity incentives’ for employees. The shareholder presentation states: ‘The Charter amendment will provide adequate shares of common stock to be used by the Board for general corporate purposes, including, but not limited to, expanding our business through mergers and acquisitions’. As per the presentation, Nvidia is seeking permission from shareholders to increase the number of shares of common stock from 2 billion to 4 billion. The stock split was officially proposed in the company’s Annual Meeting of Stockholders on 3 June. Shares opened at $702.50 on 7 June, 20% higher than their $585.50 valuation on 20 May, one day before the stock split announcement. At the time, the Nvidia share price was just under $600, but it’s been on a bull run ever since.
The Nvidia stock split was announced on 21 May. Ready to trade the Nvidia share price? Open an account today.Can artificial intelligence innovations help Nvidia shares maintain momentum?.Analysts bullish over Nvidia stock split.Nvidia share price up 8% in the last seven days.
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