Nvidia Announces 10-for-1 Stock Split: Key Details

Split-Adjusted Shares to Begin Trading on June 10

NVIDIA, a leading chipmaker, announced a 10-for-1 forward stock split in its fiscal first-quarter earnings report on Wednesday, May 25, 2022. The split-adjusted shares are set to begin trading at the market open on Friday, June 10, 2022. This means that for every one share of NVIDIA stock held on the record date of June 2, 2022, shareholders will receive an additional nine shares.

Current Share Price and Historical Growth

On the day of the split announcement, Wednesday, May 25, 2022, NVIDIA's shares closed at $949.50. The stock has experienced exceptional growth in recent years, driven by the increasing demand for its semiconductors in various industries, including gaming, data centers, and artificial intelligence (AI).

Recent Stock Split

It's important to note that NVIDIA previously completed a 4-for-1 stock split on July 20, 2021. This means that the upcoming 10-for-1 split is the second stock split for NVIDIA in less than a year.

Impact of Stock Splits

Stock splits generally do not have a significant impact on the underlying value of a company. They simply increase the number of shares outstanding while proportionally reducing the price per share. Stock splits can make a stock more accessible and appealing to a wider range of investors, which could potentially increase trading volume and liquidity.

Conclusion

NVIDIA's 10-for-1 stock split is a sign of the company's continued growth and success. The split is expected to take effect on June 10, 2022, and it is likely to generate interest among investors who have been considering investing in NVIDIA. The split will make the stock more affordable, potentially attracting new investors and increasing trading activity.