 my goodness what's up money geeks mr v here welcome to another video guys so in this one we are going to talk about nvidia so for those of you guys don't know what this company does um nvidia is a company that produces um graphic cards and chips and um a lot of computing power for you know individual gaming computers as well as for enterprise solutions so you would see them on mobile computing automotive market and pretty much nvidia is everywhere so all the chip that you have for gaming and for powering your computer they have their hand on it and i think they are one of the leading cheap manufacturers as far as the computing space goes so this company recently announced a four for one split of their common stock and so uh do some background here nvidia is a company that i have been crying that i didn't own this uh company over the years so i think this four for one split is finally going to give me an opportunity to get into this stock um so that's what i want us to talk into this video but before we get started guys feel new to the channel we talk about how to earn money how to save money how to invest and build wealth so that's something that interests you go ahead and hit that subscribe button and the notification bell so you don't miss out on new content so um last week nvidia put out their information that they were gonna do a four for one split as you can see here um everywhere they had the four for one split from nvidia so it was something that um it was making the rounds last week on like everywhere online um so i said looking at it it's like okay this is interesting to me because this is a stock i've always been jealous that i didn't have it in my portfolio so this might finally be an opportunity for me to jump into the stock so uh right now this is where where nvidia is so we take a day so nvidia closed the day today when i was doing this video at about 650 bucks um so you can see it went to a high of about 654 655 before pulling back and sitting at about 650 so again this is a four for one split what does that mean so if you buy this stock let's go look at the details again so that people can actually understand so uh a four for one split is that if you own one share of nvidia uh before i think it's june 21st let's make sure we have that information in here so um fucking take a step back the shareholder meeting to approve this split is going to come up on june 3rd so that is um june 3rd coming up here um so definitely keep an eye on this date and then um each shareholder of nvidia as of june 21st so you have to be a shareholder of the stock as of june 21st uh we'll receive stock dividends of three additional common share of every share health so if you hold one share of nvidia um by the end of june 21st you're gonna you're gonna get come up with four shares um after that so that's a four for one split so and then um the shares are to be distributed after the close of trading on july 19 so just a key date and then um the newly split shares will begin um on trading on july 20 so four key dates again that i want to give you guys recap here shareholders voting to approve the split uh june 3rd um you have to be a shareholder of nvidia by june 21st on or before june 21st to qualify for the the the split and then once that split goes through um june 20 july 19 that's when the shares are going to be distributed after close of the market so july 19 when market closes they distribute the shares and then july 20th that's when it's going to start trading so if you own one share of nvidia um by july 20 um july 20th you're gonna see it's going to go to four shares um but it's going to be at a adjusted rate so again let's say for instance nvidia is trading right now at 400 uh 650 dollars excuse me if you divide that by four you're looking at about 162 dollars a share so you're going to have four shares at 162 dollars so uh net for anybody that's holding the stock you should be even it's not going to you're just going to have more shares um which would give you an opportunity to grow and make even more profit and so the whole thing here is that when if they can reduce the price of the uh the stocks to that you know to 162 it would bring in more investors so you can see here so the declare four for one split again the reason they're doing it is because they want to bring in uh more investors again so that's something that they want to do apple did that tesla did that and the reason the same reason they gave was that their the whole idea is to bring in even more investors um into the stock so uh i think when i read um the stock right now after this split it would have about four billion uh common shares which is a lot uh but nvidia has just been on fire let's take a look here again guys let's go uh year to date year to date the stock is up 24 percent uh take a look at five years five years the stock is up 1300 percent guys this is insane that's why i'm crying like i don't know why i don't look at this back in 2017 nvidia was sitting at 95 dollars and i'm sitting saying man how why did that not buy the stock but again after the split if it's down to that 160 um if it if it's like apple or tesla after the split you see some sort of a pullback so i'm going to be looking if it pulls back um and get to about 150 after the split i'm definitely going to buy so i'm not buying before the split um if you are in the stock then you're set but if you're not for me i'm going to wait um and trade it after the split again like i said if we follow the same thing that happened to apple and to tesla after the split the stock took a beating tesla split came uh i think it was about 400 and then the stock pulled back all the way down to like 350 or 340 and then apple went down to like uh 106 or 107 so there's a tremendous amount of opportunity there but with the momentum that nvidia has been having who knows what's going to happen but that's my strategy it might be different from yours so definitely make sure that you do your research on that um so just a quick recap again here guys um nvidia which is um a cheap manufacturer they produce you know kind of graphic and chips for gaming and professional market and so they actually announced a fall for one split as you can see here uh yahoo had the news routers had the news and it was all over the internet they're doing a fall for one split and right now currently trading at 650 dollars uh fall for one split will put you at about 162 dollars a share which is my i think again for nvidia with how far the stock has grown over the last 10 years i think would be a good place um under 160 on at least 150 to me would be a good entry point and then uh key dates that i want you to remember here about this split just so you know um and this again this is very important so june 3rd they're going to announce um or that the shareholders have approved this if they disapprove then it's not going to go through so june 3rd would be the meeting for the company shareholders to vote um to approve the split and then june 21st um if you own the stock by june 21st and then you'll get these three um additional shares during this split and then um july 19th is when um they're gonna you know distribute the the extra shares and then july 20th that's when the extra shares are gonna start trading again just a quick uh recap here so just that you understand exactly what's going on here so um that's what i wanted to cover in this video guys again let me know in the comment section what you think about this do you currently own nvidia if you do i'm so jealous um but if not i'm looking my strategy here is to wait and try to get in after the split because i'm anticipating that after the split there might be a little a little pullback then i can buy it and then ride the wave uh but again guys that's my strategy who knows how that's gonna turn around but again if after the split i'm gonna dollar cost average myself into the stock i'm gonna buy maybe a few and then wait to see if it pulls down then i average down then if it starts to go up i might just wait and see until i wait for that pullback so again let me know what you guys think about uh nvidia in the comment section if you're new to the channel would you go about how to earn money how to save money how to invest and build wealth so that's something that interests you go ahead and hit that subscribe button and the notification bell so you don't miss out on your content also if you are looking to get started with investing guys we will have the promotion where if you sign up and deposit a hundred dollars you get some free stocks links in the description below in us always do your due diligence don't be a greedy savage and stay motivated