Nvidia Announces 10-for-1 Forward Stock Split
Significant Increase in Shares Brings Trading Accessibility
Santa Clara, Calif. - In its fiscal first-quarter earnings report released Wednesday, Nvidia Corporation (NASDAQ: NVDA) announced a highly anticipated 10-for-1 forward stock split. This move will result in a substantial increase in the number of outstanding shares, making the stock more accessible to a wider range of investors.
Split to Take Effect in June
The split is scheduled to take effect at the close of the market on Friday, June 7, 2024. Starting Monday, June 8, NVDA shares will begin trading on a split-adjusted basis. This means that for every one share of Nvidia stock owned before the split, shareholders will receive ten shares. The company's total market capitalization will remain unchanged.
Long-Awaited Move
The stock split has been eagerly awaited by many investors, who see it as a sign of Nvidia's confidence in its long-term prospects. The company has a strong track record of innovation and growth, and its stock has performed exceptionally well in recent years. The split will make it easier for smaller investors to participate in Nvidia's success.
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