NVIDIA's stock experienced a slight increase on the first trading day following the stock split, with its market value continuing to surpass Apple's.

According to the "Caixin" bi-weekly report, NVIDIA's "1-for-10" stock split began trading at the adjusted price on the 10th (last Friday's closing price was 1208.88,adjusted to120.88). Although the stock initially dipped after the opening, it closed up by 0.75%, reaching $121.79, influenced by the news that Wall Street investment banks had raised their target prices. As of the close on the 10th of this year, NVIDIA's stock price has risen nearly 146%.

On June 6th, NVIDIA's market capitalization surpassed $3 trillion, overtaking Apple to become the second largest company by market value in the US stock market. As of the market close on June 10th local time, Apple's market cap was $2.96 trillion, while NVIDIA's market cap remained above Apple's.

NVIDIA's shares rose 3.52% to a new all-time high, and its global discrete GPU market share reached 88% in Q1.

According to NASDAQ financial data, on June 14th, NVIDIA (NVDA.US) closed up 3.52% to a new record high, with a trading volume of $33.475 billion and a total market capitalization of $3.19 trillion. NVIDIA's global discrete GPU (AIB GPU) market share rose to 88% in the first quarter. According to the latest report from analysis firm Jon Peddie Research, global discrete GPU shipments declined from 9.5 million units in the previous quarter to 8.7 million units in Q1 2024, but increased 39% year-over-year. NVIDIA's market share climbed to a high of 88%, while AMD's GPU share fell to 12%, and Intel's GPU share was less than 1%.

After announcing a stock split, NVIDIA has surged over 27%!

One reason why stock splits can trigger stock price increases is that splits make it easier for retail investors to buy the shares. NVIDIA's previous stock split in 2021 led to its share price rising nearly 7 percentage points (from 17% to 23%). With increased retail trading activity following a split, the post-announcement returns also tend to be stronger.

Liquidity is also likely a factor. Data from Bank of America shows that stocks typically return 25% in the 12 months after a split, compared to 12% for the broader market index. While NVIDIA's past few performances may have been less than ideal, given its impressive run over the past year, traders expect NVIDIA's share price to rise further this time.

How to place a trade on uSMART mobile application

Log in to the uSMART HK APP, click on the "Search" icon at the top right corner of the screen, and enter the "NVDA" to access the details page for trading information and historical trends. Click the "Trade" button at the bottom right corner, select the "Buy/Sell" function, fill in the trading conditions, and submit the order. The visual guide is as follows:

This diagram is provided for illustrative purposes exclusively

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