New York, May 11, 2026, 11:17 EDT
- Nvidia shares rose to a fresh record Monday, reviving retail talk of another stock split.
- The company has not announced a new split; its last was a 10-for-1 move in June 2024.
- Investors are now looking to May 20 earnings, not split mechanics, for the next real catalyst.
Nvidia shares climbed to another record Monday, putting the stock-split question back in front of investors even though the chipmaker has not announced a new split. NVDA traded at $221.23 late Monday morning in New York, up 2.8%, after touching an intraday high of $222.10 and lifting the company’s market value to about $5.42 trillion.
That matters now because the stock has moved beyond the levels cited in recent split speculation, while Nvidia’s next scheduled market event is its first-quarter fiscal 2027 results on May 20. The company’s investor site lists that call for 2 p.m. Pacific time.
A stock split increases the number of shares and lowers the price per share, but it does not change a shareholder’s proportional ownership or the value of the company. Nvidia’s most recent official split was a 10-for-1 split announced in May 2024, when the company said the move was meant to make stock ownership more accessible to employees and investors.
The split became effective through a certificate amendment filed in Delaware on June 7, 2024, with split-adjusted trading expected to begin on June 10, a filing showed. Nvidia also increased its authorized common shares from 8 billion to 80 billion as part of that action.
The latest wave of chatter came after Watcher Guru reported Monday that no new Nvidia split was on the table and that the stock was trading near its prior highs. The article framed any next split as unlikely in the near term, given that Nvidia’s 2021 and 2024 splits followed much higher nominal share prices before the split took effect.
History gives investors a reason to ask the question. Nvidia has split its stock six times since 2000, including a 4-for-1 split in 2021 and the 10-for-1 split in 2024; one pre-2000 share would now equal 480 shares, according to stock-split history data.
But the market’s near-term focus is earnings. Goldman Sachs analyst James Schneider wrote that Nvidia “has lagged peers” and trades at a “meaningful discount relative to history,” while keeping a Buy rating and $250 target ahead of results, according to Investing.com. Investing
The peer backdrop is not one-way. Barron’s reported Monday that Nvidia’s 2026 gain still trailed stronger rallies in Intel and AMD, helped by demand for central processing units used in AI inference — the running of AI models after they have been trained.
Alphabet is also part of the competitive frame, though from a different angle. Reuters reported last week that Google’s parent was closing in on Nvidia’s top market-value spot, helped by cloud growth and custom AI chips sold to customers such as Anthropic.
The risk is that the stock needs more than split talk. Schneider’s team listed downside risks including a slowdown in AI infrastructure spending, loss of share as competition rises, margin pressure and supply constraints, according to TheStreet.
Nvidia’s own February results showed why expectations are high. The company reported fiscal 2026 revenue of $215.9 billion, up 65%, and guided for first-quarter fiscal 2027 revenue of $78 billion, plus or minus 2%, while saying it was not assuming any data-center compute revenue from China in that outlook.
For now, the clean read is this: NVDA is at record levels, the split speculation is alive, but the company has put no new split before investors. The next hard test comes on May 20, when results and guidance will show whether the rally has earnings behind it.
