Breaking News: Nvidia Announces 10-for-1 Stock Split

Strong Performance Drives Stock Growth

In a move that signals confidence in its ongoing success, chipmaker Nvidia Corporation (NASDAQ: NVDA) announced a 10-for-1 forward stock split on Wednesday, May 25, 2024, during its fiscal first-quarter earnings report.

Record-Breaking Split

This marks the largest stock split to date for Nvidia, which has been experiencing significant growth in recent years. The split will make Nvidia's shares more accessible to individual investors by lowering the per-share price.

Trading Details

The stock split will take effect on June 3, 2024. Shareholders will receive an additional 9 shares of the company's common stock for every 1 share they currently hold. Trading on a split-adjusted basis is expected to commence on that date.

Market Impact

News of the stock split has been met with positive sentiment from investors. Nvidia's stock price has been on a steady upward trend in 2024, rising over 82% year-to-date. The company's strong financial performance and the prospect of increased liquidity through the stock split have contributed to its status as one of the best-performing stocks in the market.

As of June 3, 2024, 4:00 PM, Nvidia's share price was $400.