Last week, Nvidia announced a 10-for-1 stock split, which will reduce its share price from above $1,000 to a more accessible level for retail investors and corporate insiders alike.
Nvidia follows a number of other firms that have lately announced significant stock splits, including Walmart earlier this year and Lam Research last week.
Speculation quickly spread that Nvidia was vying for inclusion in the Dow Industrials, the 128-year-old blue chip index where share price is a major determinant in whether firms can be added and how much they affect the index once they are.
Source (CNBC)
