Nvidia Announces 10-to-1 Stock Split, Effective June 7th

Company Reports Record Quarterly Revenue of $26.0 Billion, Up 18%

Split Will Increase Number of Available Shares by Tenfold

On May 22nd, Nvidia announced a 10-to-1 forward stock split. The split will take effect on June 7th, after the close of trading on June 6th. Each shareholder will receive 10 shares of the new stock for every share they currently own. The split will not affect the value of Nvidia's shares; it will simply make them more affordable for investors.

In its fiscal first-quarter earnings report, Nvidia also announced record quarterly revenue of $26.0 billion, an 18% increase from the fourth quarter of 2022. The company's net income was $4.4 billion, or $1.12 per share, up from $3.6 billion, or $0.89 per share, in the previous quarter.

Nvidia's stock split is a sign of the company's confidence in its future. The split will make the stock more accessible to a broader range of investors, and it is likely to boost the company's share price in the long run.