Nvidia Announces Stock Split
Details for Nvidia Investors
Nvidia, the leading manufacturer of chips and graphics processors, has announced a 10-to-1 stock split. This decision was made as part of the company's recent quarterly earnings announcement.
Despite a remarkable surge in share value throughout 2023, Nvidia's upward trend persists into 2024. On Friday, June 7, 2024, after market close, Nvidia executed a 10-for-1 stock split.
On Wednesday, Nvidia stock closed at $122.44 per share. If the split had occurred on that day, the share price would have been adjusted to $12.24.
The stock split will make Nvidia shares more affordable to a wider range of investors. The split is intended to improve the company's market liquidity and accessibility while maintaining the overall value of its shares. As a result, each current Nvidia shareholder will receive nine additional shares for every one share they currently own.
This stock split is a sign of Nvidia's continued growth and success in the rapidly expanding chip industry. The company remains well-positioned to capitalize on the growing demand for semiconductors in various applications, including artificial intelligence, data centers, and gaming.
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