Sometimes a stock flies so high that its price becomes out of reach for the average investor. Nvidia Corp. is the latest example. Excitement over its advanced microchips for artificial intelligence helped to double its share price this year to more than $1,100, a daunting number for many retail investors. So Nvidia said in May that it would carry out a 10-for-1 “stock split,” its second split in three years, to reduce the price of the shares and make them more accessible to retail investors and employees. Since Nvidia’s 4-for-1 split in May 2021, the stock has surged more than 500%. Read more: https://www.bloomberg.com/news/articles/2024-06-01/what-is-a-stock-split-what-to-know-about-nvidia-s-nvda-split?utm_source=website&utm_medium=share&utm_campaign=copy&sref=omvmmwIg -------- Subscribe to our YouTube channel: https://trib.al/KM4k5RA Subscribe to Bloomberg Originals: https://trib.al/dJv9Uw8 Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/@BloombergQuicktakeNow