Nvidia shares fell from a high of $281.02 in September 2018 to $129.57 in December 2018. The last time the company saw a big run on its cards due to crypto miners, it ended up with a huge inventory overhang when the crypto boom went bust in 2018. But cryptocurrency miners have also been grabbing Nvidia’s cards as fast as possible to use them in their mining rigs.
Nvidia has been one of the major beneficiaries of the increased interest in gaming throughout the pandemic, with gamers snatching up the company’s graphics cards to play the latest and greatest PC titles. Those shares would begin trading July 20. The split would ensure anyone holding Nvidia stock as of June 21 would receive the newly created shares on July 19. Nvidia’s earnings release follows news that the company is expected to vote on a four-for-one stock split during its June 3 shareholders’ meeting. This content is not available due to your privacy preferences.
0 kommentar(er)
