Nvidia Announces 10-for-1 Stock Split
$NVDA to Issue Additional Shares to Current Holders
Split-Adjusted Shares to Begin Trading on July 20, 2023
Santa Clara, CA - May 25, 2023 - Nvidia (NVDA) announced a 10-for-1 forward stock split in its first-quarter earnings report on Wednesday. The split is intended to make the company's stock more accessible to a wider range of investors.
The split will take the form of a dividend issuance, meaning that current shareholders will receive nine additional shares for every ten shares they own. The split-adjusted shares are expected to begin trading on July 20, 2023.
Nvidia's stock has been on a steady upward trend in recent years, driven by the growing popularity of its graphics processing units (GPUs). GPUs are used in a variety of applications, including gaming, cryptocurrency mining, and artificial intelligence. Nvidia is a leading provider of GPUs, and its products are used by some of the world's largest tech companies.
The stock split is a sign of Nvidia's confidence in its future prospects. The company believes that the split will make its stock more attractive to a wider range of investors, and that it will help to drive up the stock price in the long term.
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