On May 28th, local time,US stocksThe market once again showed a mixed trend of gains and losses, and the three major indexes showed different performances after closing.NasdaqThe Nasdaq Composite Index rose against the trend by 0.59%, successfully breaking the historical record; while the Dow Jones Industrial Average (Dow Jones) fell slightly by 0.55%; the S&P 500 rose slightly by 0.02%, maintaining the relative stability of the market.
The technology sector performed well, with most of the popular technology stocks rising.NvidiaThe company became the focus of the market, and its stock price soared by more than 7%, setting a new record again. This strong performance caused Nvidia's market value to surge by US$187 billion, equivalent to RMB 1.35 trillion, and its total market value reached a staggering US$2.81 trillion, only US$100 billion away from Apple's market value.
In the financial report released by Nvidia last week, not only did the company's performance shine, but the company also announced a "1-for-10" stock split plan. This plan will officially take effect after the market closes on Friday, June 7, when Nvidia's stock price will be adjusted and each share will be split into 10 shares.
This move will make Nvidia the eighth company in the U.S. stock market this year to announce a forward stock split plan, following well-known companies such as Walmart and Chipotle. It once again proves Nvidia's leadership in the technology industry and the market's high recognition of its future development.