Announcement And Timing

Nvidia Stock Split: 10-for-1 Split Approved

Announcement and Timing

Nvidia Corporation (NASDAQ: NVDA) has announced a 10-for-1 forward stock split, effective at the close of the market on Friday, June 7, 2024. This means that for every one share of Nvidia common stock you own, you will receive nine additional shares.

Reasoning Behind the Split

The purpose of the stock split is to make Nvidia's stock more accessible to a wider range of investors. By reducing the per-share price, Nvidia aims to increase liquidity and potentially attract new shareholders.

Impact on Investors

The stock split will not affect the total value of your investment in Nvidia. However, it will increase the number of shares you own. For example, if you currently own 100 shares of Nvidia stock, after the split, you will own 1,000 shares.

Timeline

The stock split will take effect on June 7, 2024. The new shares will be distributed to shareholders of record as of the close of business on June 6, 2024. The split will not affect the current dividend payout or other financial metrics.

Conclusion

Nvidia's 10-for-1 stock split is a positive move that indicates the company's confidence in its future growth prospects. While the split will not directly increase the value of your investment, it could make Nvidia's stock more attractive to a broader base of investors.