<div id="readability-page-1">What do you get when you put Wall Street's two hottest trends -- artificial intelligence (AI) and stock splits -- together? The stock market's largest public company, Nvidia (NVDA 1.28%). A stock split is a tool public companies have available to adjust their share price and outstanding share count by the same factor. These adjustments can be used to increase the share price (in a reverse split) or to make shares more nominally affordable (in a forward split). AI titan Nvidia is no stranger to making its high-flying stock more affordable for everyday investors. <div><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjM2MzQvcGFwZXItY2VydGlmaWNhdGUtc2hhcmVzLWludmVzdC1zdG9jay1zcGxpdC1tYXJrZXQtcmV2ZXJzZS1nZXR0eS5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="700" height="466" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjM2MzQvcGFwZXItY2VydGlmaWNhdGUtc2hhcmVzLWludmVzdC1zdG9jay1zcGxpdC1tYXJrZXQtcmV2ZXJzZS1nZXR0eS5qcGcmdz03MDA"/>Image source: Getty Images. </div> <h2>Unpacking Nvidia's stock-split history</h2> Nvidia's initial public offering (IPO) took place on Jan. 12, 1999, at $12 per share. Over the last 26-plus years, Wall Street's AI giant has completed six stock splits: <ul> <li>June 2000: 2-for-1</li> <li>September 2001: 2-for-1</li> <li>April 2006: 2-for-1</li> <li>September 2007: 3-for-2</li> <li>July 2021: 4-for-1</li> <li>June 2024: 10-for-1</li> </ul> A single share purchased for $12 at Nvidia's 1999 IPO would have expanded to 480 shares today and would be worth $73,584, not including dividends, as of the closing bell on July 1. <h2>Can Nvidia maintain its parabolic climb?</h2> Nvidia's historic ascent is a reflection of the insatiable enterprise demand for its graphics processing units (GPUs). The Hopper and Blackwell account for the bulk of AI-GPUs deployed in AI-accelerated data centers. In addition, CEO Jensen Huang is intent on maintaining his company's moat. Huang is overseeing an aggressive innovation timeline that'll bring a new advanced chip to market annually. No direct competitors have come close to matching or surpassing the compute capabilities of Nvidia's AI hardware. But maintaining its spot atop the pedestal won't be easy. Many of Nvidia's top customers by net sales are internally developing their own substantially cheaper AI-GPUs, which can cost Nvidia valuable data-center real estate or delay upgrade cycles. Furthermore, every game-changing innovation for the last three decades has endured a bubble-bursting event. All technologies need time to mature, including AI. If history were to rhyme, Nvidia stock could be hit hard. </div>

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Nvidia's IPO on January 12, 1999, priced at $12 per share, has seen the stock split six times, resulting in a single share expanding to 480 shares worth $73,584 as of July 1. The company's growth is driven by high demand for its AI GPUs, but challenges loom as competitors develop cheaper alternatives and the tech sector faces potential downturns. CEO Jensen Huang aims to maintain Nvidia's lead with annual chip innovations, but the company must navigate the risks of market fluctuations and evolving technology.

- Nvidia, the largest public company, has utilized stock splits to make its shares more affordable, completing six splits since its IPO in 1999.  
- The company's stock has seen significant growth, with a single share from the IPO now worth $73,584, driven by high demand for its AI-focused GPUs.  
- However, Nvidia faces challenges from competitors developing cheaper alternatives and the historical risk of market corrections in technology sectors.  

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If You Bought 1 Share of Nvidia at Its IPO, Here's How Many Shares You'd Own Now