Nvidia Announces 10-for-1 Stock Split
Effective June 10, 2024
Split to Lower Share Price, Maintain Value
Nvidia's board of directors has declared a 10-for-1 split of NVIDIAs common stock, in the form of a stock dividend. The split will take effect on June 10, 2024. The split-adjusted shares are set to begin trading on the same day.
The stock split will not affect the total value of investors' holdings. However, it will reduce the share price from its current level of around $1200 to approximately $120. This is pending any further price movements before the split takes effect.
Nvidia's stock split is a common practice among companies that have experienced significant share price growth. It allows more investors to purchase shares at a lower price, potentially increasing the company's shareholder base.
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