NVIDIA Announces Stock Split
10-for-1 Split Set for June 7, 2024
Get Ready for Nine Additional Shares per Share Owned
Attention, investors! NVIDIA (NVDA) has finally announced the much-anticipated stock split. The company revealed in its first-quarter earnings report that a 10-for-1 forward stock split will take place at the close of the market on Friday, June 7, 2024.
This means that shareholders of record as of June 7 will receive nine additional shares for each share of NVIDIA common stock they own. The split-adjusted shares are set to begin trading on June 8.
The stock split decision was made by NVIDIA management to make stock ownership more accessible to employees and investors. The company believes that a lower share price will attract a broader range of investors and provide more liquidity in the market.
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