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Nvidia Stock to Split 10-for-1

Key Points

Stockholders to receive nine additional shares for every one owned

Split effective after trading closes on Thursday, June 9

Shares to trade at lower post-split price on Monday, June 10

Nvidia's highly anticipated 10-for-1 stock split is finally here. Investors who own Nvidia stock when trading closes on Thursday, June 9, will be impacted by the split. The split will take effect after the closing bell, and shares will begin trading at the lower post-split price when the market opens on Monday, June 10.

The stock split is designed to make Nvidia's stock more accessible to a wider range of investors. By increasing the number of shares outstanding, the split will lower the per-share price, making it more affordable for smaller investors to purchase the stock.

Nvidia's stock has been on a tear in recent years, driven by strong demand for its graphics chips. The company's products are used in a wide range of applications, including gaming, data centers, and artificial intelligence. As a result of the strong demand, Nvidia's stock price has risen significantly in recent years.

The stock split is a sign that Nvidia is confident in its long-term prospects. The company believes that the split will make its stock more attractive to investors and help to drive its share price even higher in the future.

Bloomberg