Nvidia Announces a 10-for-1 Stock Split
Split to Take Effect on May 22, 2024
Move Aims to Make Shares More Accessible to Investors
Chipmaker Nvidia (NVDA) has announced a 10-for-1 stock split, effective May 22, 2024. The move is intended to make the company's shares more accessible to a wider range of investors.
As part of the split, each existing Nvidia shareholder will receive nine additional shares for each share they currently own. The split will not affect the total value of shareholders' investments but will result in a lower per-share price, potentially making the stock more attractive to smaller investors and retail traders.
Nvidia's stock split comes after a period of significant growth for the company. In recent years, Nvidia has emerged as a leader in the semiconductor industry, driven by the rising demand for its graphics processing units (GPUs) in gaming, artificial intelligence, and data center applications.
The stock split is expected to be completed on or around May 22, 2024, after shareholder approval and other customary closing conditions are met. Nvidia's announcement has been well-received by the market, with the company's stock rising in after-hours trading.
Komentar