NVIDIA Announces Stock Split

Making Stock Ownership More Accessible

445 AM, 4th June 2024

After much anticipation, NVIDIA has finally announced a stock split. This move aims to make stock ownership more accessible to employees and investors, as stated in the company's first-quarter earnings report.

The board of directors declared a four-for-one split of NVIDIA's common stock in the form of a stock dividend. This means that for every one share of NVIDIA stock currently held, shareholders will receive four shares after the split.

NVIDIA's stock has been on a steady upward trajectory since its initial public offering (IPO) in 1999. This stock split will be the company's first since 2007.

Analysts believe this stock split is a positive move for NVIDIA. It will make the stock more affordable for smaller investors and could potentially attract new investors.

The stock split is expected to take effect on June 21st, 2024. Shareholders of record as of June 7th, 2024, will be entitled to the additional shares.