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Nvda split news
Nvda split news











nvda split news nvda split news

Nvidia could also be an attractive option if the company’s planned purchase of UK-based mobile chip designer Arm from SoftBank goes through. That’s why Nvidia seems like a more logical Dow addition.ĭow 30 shuffle brings in three new stocks At a price of nearly $375, Facebook would be the third-largest Dow component if added at current levels, trailing only UnitedHealth and Goldman Sachs The social media giant might need to split its stock as well though. (FB) is another possible future Dow addition, too, given that it is now worth more than $1 trillion. (GOOGL), which each have shares prices in the quadruple digits, have not split their stock recently is arguably the main reason why neither company is in the Dow - despite having market valuations approaching $2 trillion.

nvda split news

(AAPL) split its stock to a more Dow-friendly level before it was added to the blue chip average in 2015. There are a dozen Dow components that have a stock price higher than that. (UNH), with a stock price of around $415, is the current top stock in the Dow, accounting for about 8% of the average.īut Nvidia recently split its stock, which cut its share price by a quarter. So putting it in the Dow at that price would have made it by far the biggest member of the index. Shares of Nvidia had been trading north of $750 as of a few weeks ago. Nvidia, until recently, would have been too expensive for the Dow, which weights the 30 companies it lists by stock price. Stock split could set up Nvidia for Dow inclusion (Investing sites Motley Fool and Seeking Alpha have both speculated about the possibility.) There’s another big reason why there’s been more chatter lately about Nvidia potentially joining the Dow. Meet tech's new leaderĪdding Nvidia could give the Dow more exposure to the lucrative industries of gaming and cryptocurrencies, as Nvidia’s graphics processing chips are a big part of high-end PCs used by gamers as well as for cryptocurrency mining rigs. (CRM), which was added to the Dow last year.Īpple is no longer king of the Dow. (MCD), and on par with the revenue estimates for software giant Salesforce It’s also higher than the sales expectations for Dow components Visa But Nvidia’s revenue forecast of about $25 billion for this fiscal year isn’t too shabby. To be sure, the chip maker’s annual sales still pale in comparison to Intel or IBM, which are both expected to generate more than $70 billion in revenue this year. (NVDA) might be a better fit than current chip king Intel (NVDA) joining the Dow Jones Industrial Average, the most famous of market barometers. There’s a strong case to be made for Nvidia Could Nvidia soon wind up listed on the venerable Dow, too? With a market capitalization of almost $500 billion, the company is now worth nearly as much as semiconductor rivals Intel, Advanced Micro Devices and Qualcomm - combined. Chip giant Nvidia is the ninth-most valuable company in the S&P 500.













Nvda split news