Companys Shares To Become More Accessible To Investors

Nvidia Announces 10-for-1 Stock Split

Company's Shares to Become More Accessible to Investors

Market Responds Positively, Driving Stock Prices Higher

In a move that is expected to make its shares more accessible to investors, Nvidia (NVDA) has announced a 10-for-1 forward stock split. The split will become effective after market close on Friday, June 7, 2024. This means that for every one share of Nvidia stock that an investor currently owns, they will receive ten shares after the split.

The decision to split the stock comes on the heels of tremendous price appreciation for Nvidia's shares in recent years. As of Wednesday's close, the company's shares were trading at $949.50. Following the stock split, the cost per share would be reduced to $94.95.

The stock split is a positive development for Nvidia investors. It will make the company's shares more affordable for a wider range of investors, including individual investors and smaller institutions. This is likely to increase demand for Nvidia's shares and drive prices higher in the long term.

The market responded positively to the news of the stock split. In after-hours trading on Wednesday, Nvidia's shares rose by more than 1%. This suggests that investors are optimistic about the company's future prospects and view the stock split as a positive development.

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