The Daily Money: Last call for the Nvidia stock split
Good morning! It's Daniel de Visé with your Daily Money.
Today's focus is stocks.
Investors who own Nvidia shares when trading closes today are set to be impacted by the chipmaker's impending stock split, James Powel reports.
The 10-for-one split was announced in May, along with a dividend increase. The announcements accompanied strong first-quarter earnings from the chip manufacturer and artificial intelligence developer.
The split will come a day after the tech giant passed Apple to become the second-most valuable company in the world.
Here's what you need to know.
Trump Media probes 'naked' short sellers
Trump Media & Technology Group has fired another salvo in its war on short sellers betting against Donald Trump’s namesake social media company.
Devin Nunes, CEO of Trump Media, has asked the Nasdaq to cooperate in investigating the alleged market manipulation of the company’s shares, Jessica Guynn reports.
Here's more on that story.
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More on stocks: Chipotle shareholders could approve one of the largest stock splits in history at the company's annual meeting today, James Powel reports.
The 50-for-one split was announced in March.
The fast-casual stalwart reported $2.7 billion in revenue and a 16.3% operating profit margin in its first quarter.
Here are the details.
About The Daily Money
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.
Daniel de Visé covers personal finance for USA Today.