Nvidia Announces 10-for-1 Stock Split

GPU Manufacturer Splits Common Stock to Increase Accessibility

Key Points:

• Nvidia's board of directors announces a 10-for-1 stock split.
• The split will take effect after the market closes today.
• The move is intended to increase the accessibility of Nvidia's stock to a wider range of investors.

Semiconductor giant Nvidia Corporation (NVDA) has announced a 10-for-1 forward stock split of its common stock. The split will take effect after the market closes today, January 25, 2023.

Under the terms of the split, each current holder of Nvidia's common stock will receive an additional nine shares for every share they own. The split is intended to increase the accessibility of Nvidia's stock to a wider range of investors by making it more affordable to purchase.

Nvidia's stock has been on a tear in recent years, driven by the growing demand for its graphics processing units (GPUs). GPUs are used in a wide range of applications, including gaming, data center computing, and artificial intelligence. As a result of this growth, Nvidia's stock has become increasingly expensive, making it less affordable for some investors.

The stock split will address this issue by increasing the number of shares available, which will make them more affordable to purchase. This move is expected to make Nvidia's stock more attractive to a wider range of investors, including retail investors who may not have been able to afford to purchase the stock before the split.