HelenJanet
05-30

$NVIDIA Corp(NVDA)$   has been a shinning star. It first hit a $1 trillion market capitalization in May 2023 and in about 9 months later it has reached a $2 trillion market capitalization for the first time on 22 Feb 2024.

Nvidia is the third U.S. company with $2 trillion market cap after Apple and Microsoft.

Nvidia reported $26 billion revenue for the first quarter ended 28 Apr 2024 which is up 18% from the previous quarter and up 262% from a year ago.

Nvidia also announced a ten-for-one stock split to make stock ownership more accessible to employees and investors. Each record holder of the stock as of the close of market on 6 June 2024 will receive 9 additional shares of the stock, to be distributed after the close of market on 7 June 2024. Trading is expected to commence on a split-adjusted basis at market open on 10 June 2024.

Nvidia is increasing its quarterly cash dividend by 150% from $0.04 per share to $0.10 per share of stock. The increased dividend is equivalent to $0.01 per share on a post-split basis and will be paid on 28 June 2024, to all shareholders of record on 11 June 2024.

Luckily I managed to buy Nvidia share at end of April 2024 before the earning report announcement and now has an unrealized P&L ratio of 37.5%.

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