Nvidia's Stock Split: Everything You Need to Know
What is a Stock Split?
A stock split is a corporate action where a company divides its existing shares into a larger number of shares. This increases the number of shares held by each shareholder but does not change the value of their investment.
Nvidia's Stock Split
On May 5, 2024, Nvidia announced a 10-for-1 stock split. This means that for every one share of Nvidia common stock you own, you will receive nine additional shares after the split.
Effective Date
The stock split will take effect on June 7, 2024, after the close of the market.
Shareholder Eligibility
To be eligible for the stock split, you must be a shareholder of record as of the close of business on May 19, 2024.
Significance
Nvidia's stock split is significant for several reasons:
- It will make Nvidia's stock more affordable to investors, increasing its accessibility.
- It could potentially boost investor demand and increase the stock price.
- It demonstrates the company's confidence in its future growth prospects.
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