Nvidia announces 10-for-1 stock split following AI-driven increase in share value.
- Nvidia announced a 10-for-1 stock split on Wednesday.
- The company's share price has soared 25-fold in the past five years.
- Alphabet, Amazon and Tesla each instituted stock splits in 2022.
The company declared a ten-for-one stock split in its Q1 2025 earnings report on Wednesday. The adjusted shares will commence trading on June 10 at market open.
Retail investors may perceive a lower cost per share after a stock split, even though it does not alter the company's financial fundamentals.
Nvidia's stock price closed at $949.50 on Wednesday. If the company performs a 10-for-one split at that price, each share would cost $94.95. An investor would need to purchase 10 shares to own the same amount of the company as they currently do with one share. This split is one of several orchestrated stock splits that will occur in 2022.
Nvidia announced that it will distribute nine additional shares of common stock to each shareholder after market close on June 7. Trading will begin on June 10.
This is breaking news. Please check back for updates.
Technology
You might also like
- A major CVS shareholder is planning an activist push and will meet with management, according to sources.
- It's crucial to heed warnings about using public Wi-Fi in places like airports.
- Flooding and destruction caused by Hurricane Helene in the southeastern U.S.
- In a San Francisco all-female hacker house, a group of women are working together to break new ground in the tech industry.
- Elon Musk's X will be reinstated in Brazil after settling an additional penalty.