Forget Waiting for an Nvidia Split: NVDA’s Real Value Has Nothing to Do With Share Price

Forget Waiting for an Nvidia Split: NVDA’s Real Value Has Nothing to Do With Share Price

By Ted DixonTed Dixon
Publication Date: 2026-10-09 04:45:00

Key Points

  • Nvidia’s current share price and market cap make a stock split unlikely.

  • The chipmaker’s revenue grew 106% year over year in Q2 2027, and it trades at 26 times forward earnings.

  • Its board recently authorized a $150 billion increase to its share buyback program.

Nvidia(NASDAQ: NVDA) is highly unlikely to conduct a stock split in 2026, even after recently reaching a new all-time high. The leading chipmaker hasn’t announced one, and its previous splits came when its share price was much higher.

It’s usually not a good idea to wait for a company to split its stock before you invest. In Nvidia’s case, you’d probably be waiting a very long time, and you’d be missing out on a quality company.

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Image source: The Motley Fool.

Why an Nvidia stock split probably isn’t happening in 2026

A few numbers make it clear why a stock split isn’t on the horizon for Nvidia. The first is its share price. Companies usually split their stock to make it more affordable for retail investors. When Nvidia conducted its last stock split, a 10-for-1 split in 2024, it was trading at about $1,200. Before that, it conducted a 4-for-1 split in 2021 when it was trading at about $750.

Nvidia closed at $239 on Oct. 6. Its share price would need to be…