Super Micro Computer's big stock split, Costco rises, and Bitcoin falls: Markets news roundup
Super Micro Computer (SMCI - 0.77%) is set to undergo a stock split after the market closes on Monday, aligning itself with other prominent AI-driven companies like Nvidia and Broadcom, which also executed stock splits earlier this year. Following the split, the stock will begin trading Tuesday at its adjusted—and substantially lower—price.
Super Micro Computer’s 10-for-1 split means that, for each SMCI share an investor owns, they will receive an extra nine after the split is completed.