Nvidia Announces 10-for-1 Stock Split
Breaking News
Stockholders Approve Split, Effective June 10th
Santa Clara, CA - May 23, 2024 - Leading semiconductor manufacturer Nvidia announced a 10-for-1 stock split that was approved by its board of directors. This move is intended to make Nvidia shares more affordable for investors, expanding the company's investor base.
The stock split will take effect on June 10th, 2024. Each current Nvidia shareholder will receive nine additional shares for every share they own. The split will not affect the company's fundamentals or its overall value, but it will reduce the per-share price, potentially making it more attractive to a wider range of investors.
Nvidia's stock has experienced significant growth in recent years, benefiting from the increasing demand for its artificial intelligence (AI) and graphics processing unit (GPU) products. The company's stock entered 2023 at $146.07 per share and reached an all-time high of $762.00 on April 19, 2024, representing a remarkable gain of 422% in 16 months.
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