Nvidia Stock Split Approved, Shares Soar

Record High Market Capitalization Reached

Earnings Report Drives Surge

Nvidia's stock price hit a record high this week, pushing the company's market capitalization above $3 trillion. The surge followed a blowout earnings report and news of a planned four-for-one stock split.

Nvidia shares rose 9% to a record high above $1,000 on Thursday. The stock gained nearly 4% in extended trading on Wednesday after the company announced the split.

The split will increase the number of Nvidia shares outstanding by a factor of four, making them more accessible to investors. The move is expected to boost demand for the stock and further drive up its price.

Nvidia's strong financial performance has been fueled by the growing demand for its semiconductor chips, which are used in a wide range of products, including gaming consoles, data centers, and self-driving cars.