Announced On May 22 2024

NVIDIA Stock Split: 10 for 1

Announced on May 22, 2024

In a move that has sent shockwaves through the tech industry, NVIDIA has announced a 10-for-1 stock split, effective May 7. This means that for every one share of NVIDIA stock currently owned, shareholders will receive 10 shares after the split.

Facts about the Split

* **Ratio:** 10-for-1 * **Effective Date:** May 7, 2024 * **Purpose:** To make NVIDIA shares more accessible to a wider range of investors * **Impact:** The number of outstanding shares will increase by a factor of 10, while the market capitalization will remain the same

Background to the Split

NVIDIA's stock price has been on a meteoric rise in recent years, driven by the company's dominance in the gaming and data center markets. However, the high share price has made it increasingly difficult for individual investors to buy and hold NVIDIA stock.

By splitting its stock, NVIDIA aims to make its shares more affordable and appealing to a broader base of investors. This could lead to increased demand for NVIDIA stock, potentially driving up its price.

Impact on Shareholders

For current shareholders, the stock split will not affect their total ownership stake in NVIDIA. However, it will increase the number of shares they own by a factor of 10.

For example, a shareholder who currently owns 100 shares of NVIDIA stock will receive 1,000 shares after the split. The value of their investment will remain the same, but they will have a greater number of shares.

Conclusion

NVIDIA's stock split is a major event that could have a significant impact on the company and its shareholders. By making its shares more accessible, NVIDIA hopes to attract a wider range of investors and drive continued growth in the future.