Nvidia Stock Split: 10-for-1 Split Goes Into Effect
Nvidia investors now hold nine additional shares for every one they owned.
Nvidia shares were last trading at $120 per share post-split compared to $1200 on Friday
Nvidia recently announced a 10-for-1 stock split, which went into effect on June 10, 2024. This means that Nvidia investors now hold nine additional shares for every one they owned prior to the split.
The stock split was approved by Nvidia's board of directors in May 2024. The company said the split was intended to make its shares more accessible to a wider range of investors.
Nvidia's stock price has been on a tear in recent years, driven by the growing popularity of artificial intelligence (AI). The company's GPUs are used in a wide range of AI applications, including machine learning, deep learning, and computer vision.
The stock split is a sign that Nvidia is confident in its future growth prospects. The company is well-positioned to benefit from the growing trend of AI adoption.
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