NVIDIA Announces 10-for-1 Stock Split
Making Stock Ownership More Accessible
Summary:
NVIDIA Corporation (NVDA) announced a 10-for-1 stock split, effective after the market closes today. This is a forward stock split, where the company issues additional shares to existing shareholders. The purpose of the split is to make NVIDIA stock more accessible and affordable for employees and investors.Under the terms of the split, each holder of one NVIDIA share will receive nine additional shares. The split will be applied to all outstanding shares of NVIDIA common stock.
The stock split is expected to be completed after the market closes today, and the new shares will be distributed to shareholders on August 31, 2023.
NVIDIA is the latest in a growing number of companies to announce stock splits in recent months. Stock splits are often seen as a sign of confidence in a company's future and can be a positive catalyst for share prices.
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