Nvidia Announces 10-for-1 Stock Split
A Move to Make Shares More Affordable for Investors
Santa Clara, Calif. - May 23, 2023
NVIDIA today announced that its board of directors declared a 10-for-1 split of NVIDIAs common stock in the form of a stock dividend. The move is intended to make the company's shares more affordable for investors and broaden its shareholder base.
The stock split will be distributed on June 22, 2023, to shareholders of record as of May 31, 2023. The split will result in each shareholder receiving nine additional shares of common stock for every one share they currently own.
Nvidia's last stock split was a 4-for-1 split in July 2021. Since then, the company's stock price has risen by more than 100%. The current split is intended to further increase the accessibility of the company's shares and make them more attractive to a wider range of investors.
Nvidia is a leading designer and manufacturer of graphics processing units (GPUs), which are used in a wide range of applications, including gaming, artificial intelligence, and scientific computing. The company's products are used by some of the world's largest technology companies, including Apple, Google, and Microsoft.
The stock split is a positive sign for Nvidia and its shareholders. It indicates that the company is confident in its future growth prospects and is committed to making its shares more accessible to investors.
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