NVIDIA Announces Stock Split

10-for-1 Split to Occur After Market Close on June 27, 2024

Shareholders of Record Eligible for Split

Nvidia Corporation (NVDA) has announced a 10-for-1 forward stock split, to take effect after the market closes on Friday, June 27, 2024. This marks NVIDIA's second stock split in less than three years. The stock split was announced as part of the company's fiscal first-quarter earnings report on Wednesday.

The split is intended to make the company's shares more affordable to a wider range of investors. After the split, each shareholder of record as of the close of business on June 7, 2024, will receive nine additional shares of common stock for each share they own. The split will result in a 10-fold increase in the number of outstanding shares.

Nvidia's stock has performed well in recent years, and the company has been a major beneficiary of the growth in the gaming and artificial intelligence markets. The company's shares have risen by more than 300% over the past five years.

The stock split is expected to be welcomed by investors, as it could make the stock more attractive to smaller investors and reduce its price volatility.