New York (EFE).- The technology company Nvidia placed its capitalization below 3 trillion, at 2.9 trillion dollars, this Friday after the opening of Wall Street, thus falling in the classification of companies with the highest value in the market the same day that it will carry out a ‘split’ or unfolding of its shares.
The chip manufacturer surpassed Apple this Wednesday and became the second largest company in the world thanks to the ‘boom’ of artificial intelligence (AI), which in just one year has led it to soar 207% in the stock market. Wall Street.
However, this Friday the company reduced its value and returned to third place, behind Microsoft and Apple, falling almost 2% in the early stages of the New York stock market.
Its decline in the stock market comes a day after it was announced that several US regulators will open antitrust investigations against Nvidia, Microsoft and OpenAI to analyze their influence in the AI sector.
The split of Nvidia shares on the stock market
This Friday, at the close of trading on Wall Street, the company will split its shares to make them more accessible to a broader group of investors and increase the liquidity of its assets.
Nvidia’s split will be 10 to 1, meaning that the number of shares held by a shareholder will be multiplied by 10, while the price of each asset will be divided by 10.
It should be noted that the division will not affect the value of the company or modify the investors’ participation in it; What it can do is reduce the price per share, making it more affordable for individual investors.
This is not the first time that Nvidia has carried out an asset split: since going public in 1999, the company has completed five ‘splits’, after which its shares generally fell over the following year, according to Nasdaq analysts.
However, four of those five splits took place during a period when the United States economy was about to enter a recession, which may also have contributed to the company’s decline.
At the head of the artificial intelligence sector
Nvidia is one of the big names in the field of AI, a sector in which technological giants such as Microsoft, Google or Meta also participate.
Training this technology requires large investments and thousands of specialized chips, many of them created by Nvidia. For example, Meta announced that it is investing billions of dollars in its graphics processing units.
Nvidia, which increased its net profit sevenfold in the first quarter of 2024, has an estimated 80% market share in AI chips for data centers.
