Nvidia stock split

Nvidia announced a 10-for-1 forward stock split in its fiscal first-quarter earnings report on Wednesday

The shares will begin trading on a split-adjusted basis on June 7

The moment many investors were waiting for is finally here. Nvidia (NVDA) will complete a 10-for-1 stock split after market close tomorrow. The split comes on the heels of tremendous price appreciation for the chipmaker's stock. Nvidia shares have more than doubled in value over the past year, closing at a record high of $308.42 on Monday.

A stock split is a corporate action in which a company divides its existing shares into a larger number of shares. This does not change the total value of the company, but it does make the shares more affordable for individual investors. In the case of Nvidia, the 10-for-1 split will result in each shareholder receiving 10 shares for every one share they currently own.

Nvidia says the stock split will happen at the close of the market on Friday, June 7, 2024. Provided you were a shareholder of record who owned Nvidia stock as of the close of business on May 23, 2024, you will be entitled to receive the additional shares resulting from the stock split.

The stock split is a sign of Nvidia's confidence in its future. The company is a leader in the development of artificial intelligence (AI) chips, which are used in a wide range of applications, from self-driving cars to medical imaging. Nvidia is also a major player in the gaming market, with its GeForce graphics cards being some of the most popular on the market.