Nvidia stock rises after 10-for-1 stock split

, revising the shares' Friday closing price of $1,208.88 to $120.88. The stock closed up nearly 1% in its first day following the split.

Stock splits make owning shares of a stock more affordable by lowering the price of individual shares without diluting the value of existing shareholders' total holdings. What's more, Nvidia says it has a growing total addressable market beyond tech companies, including government organizations, research institutions, and more, meaning it might have a lot more runway to go.A planned hike in the capital gains tax for the wealthiest will help keep Canada's borrowing low and fund social programmes, Finance Minister Chrystia Freeland said on Monday. "We know now is the time to invest in Canada and Canadians," Freeland told a press conference.

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