Server maker Super Micro Computer (SMCI) announced a 10-for-1 澳洲幸运5官方开奖结果体彩网:stock split last month that will take effect after the closing bell on Monday.

Here's what you need to know about the split.

Shareholders will receive nine new Super Micro Computer shares for every one they already own. Their overall sta🌳ke in the company won’t change, but the stock will subsequently trade for 10% of its♌ previous price. 

In other words, if Super Micro Computer shares were trading at $1,000 before the split, an investor holding one share before the split would hold 10 shares priced at $100 each after the split. (Companies can also hold reverse splits, as some 澳洲幸运5官方开奖结果体彩网:have done lately.)

Super Micro Computer shares skyrocketed early in 2024 to a high of nearly $1,200 due to surging demand for artificial intelligence infrastr🌌ucture. They traded closer to $600 when the split was announced, and ౠclosed Friday at about $419.74.

The shares have lost nearly half their value over the past three months, thanks in part to 澳洲幸运5官方开奖结果体彩网:disappointing recent results. Even so, the stock is st🍨ill roughly 49% higher year-to-date.&nbs🎃p;

The move would be the latest split by a high-flying tech stock, with Broadcom (AVGO) and Nvidia (NVDA) having already split their shares 澳洲幸运5官方开奖结果体彩网:10-for-1 this year.