Nvidia Announces 10-for-1 Stock Split
A Move to Increase Accessibility and Liquidity
Nvidia's Stock Surges at Announcement
Nvidia Corporation (NVDA) made a significant announcement on Wednesday, May 22, 2024, declaring a 10-for-1 forward stock split.
The stock split, which is subject to shareholder approval, is scheduled to take effect on July 12, 2024. Each shareholder of record as of June 6, 2024, will receive nine additional shares for every 10 shares they own.
Nvidia's stock price surged by over 9% in after-hours trading following the announcement. The move is seen as a positive sign for investors, as it increases the accessibility and liquidity of the company's stock.
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