Nvidia Announces 10-for-1 Stock Split
Effective After Market Close Tomorrow
Split Comes on Heels of Recent Price Surge
Nvidia Corporation (NVDA) has announced a 10-for-1 stock split, which will be completed after the market close tomorrow. The split comes on the heels of a tremendous price surge for Nvidia shares, which have more than doubled in value over the past six months.
After the split, each Nvidia shareholder will receive nine additional shares for every one share they currently own. The split is designed to make Nvidia shares more affordable for investors, as the stock price will be reduced by a factor of 10.
Nvidia's stock split is the latest in a series of similar moves by tech companies in recent years. Apple, Google, and Amazon have all conducted stock splits in recent years, and the practice has become increasingly common as tech stocks have become more expensive.
Nvidia is a leading manufacturer of graphics processing units (GPUs), which are used in gaming, artificial intelligence, and other high-performance computing applications. The company has been a major beneficiary of the recent surge in demand for GPUs, and its stock price has reflected that growth.
The stock split is a positive sign for investors, as it indicates that Nvidia is confident in its future growth prospects. The split will make the stock more affordable for investors, and it could help to attract new investors to the company.
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