Companys Board Of Directors Approves Move Which Will Take Effect June 10

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Nvidia Announces 10-For-1 Stock Split After AI-Driven Boom in Share Price

Company's Board of Directors Approves Move, Which Will Take Effect June 10

Split Intended to Make Shares More Accessible to Individual Investors, Boost Liquidity

Nvidia Corporation (NVDA) has announced a 10-for-1 forward stock split, effective June 10, 2024. The split will see the number of outstanding shares increased by a factor of 10, resulting in 10 post-split shares for every one share held before the split.

The move comes amid a significant surge in Nvidia's share price over the past year, driven by the company's strong performance in the artificial intelligence (AI) market. Shares of Nvidia have more than doubled in value since May 2023, reflecting the growing demand for AI-powered technologies.

Nvidia's board of directors believes that the stock split will make the shares more accessible to individual investors and provide greater liquidity in the stock market. Stock splits typically make shares more affordable and attractive to smaller investors, potentially increasing trading volume and liquidity.

The company's last stock split was a 2-for-1 split in September 2021. Since then, Nvidia's share price has appreciated significantly, leading to its current split announcement.

The stock split will reportedly take effect following the market close on June 9, 2024, with post-split shares beginning to trade on June 10, 2024. This will result in an amendment to the company's articles of incorporation.

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