Nvidia's stock price has more than doubled this year after more than tripling in 2023 and it's now the third most valuable company in the S&P 500. Nvidia's stock is rising again Monday after it announced new technology and plans to advance artificial intelligence, or AI, applications.
The company is also about to undergo a stock split that will give each of its investors nine additional shares for every one that they already own.
The chipmaker has seen soaring demand for its semiconductors, which are used to power artificial intelligence applications. The company's revenue more than tripled in the latest quarter from the same period a year earlier.
Nvidia, which has positioned itself as one of the most prominent players in AI, has been producing some eye-popping numbers. Here's a look:
10 for 1
The company's 10-for-1 stock split goes into effect at the close of trading on Friday, June 7, and is open to all shareholders of record as of Thursday, June 6. The move gives each investor nine additional shares for every share they already own.
Companies often conduct stock splits to make their shares more affordable for investors. Nvidia's stock closed Friday at $1,096.33, making it just the ninth company in the S&P 500 with a share price over $1,000.
$26 billion
Revenue for Nvidia's most recent fiscal quarter. That's more than triple the $7.2 billion it reported in the same period a year ago. Wall Street expects Nvidia to bring in revenue of $117 billion in fiscal 2025, which would be close to double its revenue in 2024 and more than four times its receipts the year before that.
$96.6 billion
That's the increase in Nvidia's market value as of early trading on Monday. The gains came following announcements from Nvidia at the Computex 2024 exposition detailing advancements and plans for its AI technology.
$2.738 trillion
Nvidia's total market value as of the close of trading Friday. Earlier this year, it passed Amazon and Alphabet to become the third most valuable public company, behind Microsoft ($3.172 trillion) and Apple ($2.864 trillion). The company was valued at around $418 billion two years ago.
53.4%
Nvidia's estimated net margin, or the percentage of revenue that gets turned in profit. Looked at another way, about 53 cents of every $1 in revenue Nvidia took in last year went to its bottom line. By comparison, Apple's net margin was 26.3% in its most recent quarter and Microsoft's was 36.4%. Both those companies have significantly higher revenue than Nvidia, however.
Review: Director-Writer Megan Park’s “My Old Ass”
They say tripping on psychedelic mushrooms triggers hallucinations, anxiety, paranoia and nervousness. In the case of Elliott, an 18-year-old restless Canadian, they prompt a visitor.
"Dude, I'm you," says the guest, as she nonchalantly burns a 'smores on a campfire next to a very high and stunned Elliott. "Well, I'm a 39-year-old you. What's up?"
What's up, indeed: Director-writer Megan Park has crafted a wistful coming-of-age tale using this comedic device for "My Old Ass" and the results are uneven even though she nails the landing.
After the older Elliott proves who she is — they share a particular scar, childhood memories and a smaller left boob — the time-travel advice begins: Be nice to your brothers and mom, and stay away from a guy named Chad.
"Can we hug?" asks the older Elliott. They do. "This is so weird," says the younger Elliott, who then makes things even weirder when she asks for a kiss — to know what it's like kissing yourself. The older Elliott soon puts her number into the younger's phone under the name "My Old Ass." Then they keep in touch, long after the effects of the 'shrooms have gone.
Part of the movie's problem that can't be ignored is that the two Elliotts look nothing alike. Maisy Stella plays the coltish young version and a wry Aubrey Plaza the older. Both turn in fine performances but the visuals are slowly grating.
The arrival of the older Elliott coincides with her younger self counting down the days until she can flee from her small town of 300 in the Muskoka Lakes region to college in Toronto, where "my life is about to start." She's sick of life on a cranberry farm.
Park's scenes and dialogue are unrushed and honest as Elliott takes her older self's advice and tries to repair... Read More