Nvidia Announces Stock Split to Make Shares More Affordable
10-for-1 Forward Stock Split
Nvidia has announced a 10-for-1 forward stock split in order to make its shares more accessible to retail investors. The split will take effect on July 7.
Increased Accessibility for Private Investors
The stock split aims to lower the share price to make it more affordable for private investors to invest in the company. Nvidia's stock has surged by more than 110% since the beginning of the year, making it less appealing to smaller investors with limited capital.
Key Details of the Split
The 10-for-1 split means that for every share of Nvidia stock that an investor currently holds, they will receive nine additional shares. The split will not affect the total value of an investor's holdings in the company.
Impact on Stock Price
Typically, stock splits have a positive impact on the stock price, as they increase the liquidity of the shares. However, due to Nvidia's strong performance and the current market conditions, it is unclear how the split will affect the share price in the short term.
NASDAQ Listing
Nvidia's shares are listed on the Nasdaq Stock Market under the ticker symbol "NVDA." The split will not affect the company's listing or its ticker symbol.
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