Nvidia Announces Stock Split
10-for-1 Split to Increase Shareholder Accessibility
Company's Stock to Fractionalize and Become More Affordable
Nvidia, a leading graphics and artificial intelligence company, has announced a 10-for-1 forward stock split. The split is the most common type of split, which involves increasing the number of outstanding shares while maintaining the company's overall market capitalization.
The 10-for-1 split means that each existing Nvidia shareholder will receive nine additional shares for every one share they currently own. The split is intended to make Nvidia's stock more accessible to employees and investors by reducing the share price.
Nvidia's stock has been trading at around $300 per share in recent weeks. After the split, the share price is expected to drop to around $30 per share.
The company's stock split is effective as of the close of trading on Thursday, July 19, 2023. Nvidia shares will begin trading on a split-adjusted basis on Friday, July 20, 2023.
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