Nvidia Announces a 10-for-1 Stock Split
Split-Adjusted Shares Set to Begin Trading on June 10, 2024
Jensen Huang Delivers Speech at Computex 2024
Nvidia (NVDA) announced a 10-for-1 forward stock split in its first-quarter earnings report released on Tuesday, June 4, 2024.
The split-adjusted shares are set to begin trading on June 10, 2024, 8:52 AM Pacific Daylight Time (PDT). Nvidia CEO Jensen Huang made the announcement during a speech at the Computex 2024 exhibition in Taiwan on June 2.
It's important to note that the stock split will not affect the total value of Nvidia's outstanding shares. Each shareholder will simply receive 10 shares for every one share they currently own. The split will effectively lower the company's share price from its current price of around $1,200 to approximately $120, assuming no further movements in the stock price.
Investors should be aware that their shares will still be worth the same total amount after the stock split. However, the lower share price may make the stock more attractive to a broader range of investors.
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