Affordable Investments For Private Investors

Nvidia Announces 10-for-1 Stock Split

Affordable Investments for Private Investors

To make investments more accessible to private investors, Nvidia has announced a one-for-ten stock split. This move will take effect on July 7, 2023.

Surge in Stock Price

Since the beginning of the year, Nvidia's stock has soared by over 110 percent. The company's strong performance has been driven by its dominance in the graphics card market and its growing presence in artificial intelligence and cloud computing.

Stock Split Details

Nvidia's 10-for-1 stock split will result in each current shareholder receiving nine additional shares for every one share they currently own. This will increase the number of outstanding shares from approximately 396 million to 3.96 billion.

Effective Date

The 10-for-1 stock split will become effective at the close of trading on July 7, 2023. Shares will begin trading on a split-adjusted basis on July 8, 2023.

Conclusion

Nvidia's stock split will make its shares more accessible to a broader range of investors. This move reflects the company's commitment to providing opportunities for private investors to participate in its growth story. As Nvidia continues to innovate and expand its market reach, its stock remains an attractive investment for those seeking exposure to the cutting-edge technologies shaping the future.