Nvidia Announces 10-for-1 Stock Split
Breaking News
Santa Clara, California, May 22, 2023
Nvidia Corporation (NVDA) has announced that it will complete a 10-for-1 stock split after the market closes tomorrow, May 23, 2023. The split comes as the semiconductor giant's stock price continues to climb, reaching record highs this week.
Nvidia's shares closed at $949.50 on Wednesday. Following the 10-for-1 stock split, the cost per share would be reduced to $94.95. Investors would need to purchase 10 shares of the new stock to equal one share of the pre-split stock.
Nvidia's stock has performed exceptionally well in recent years. In May 2018, the stock was trading at around $88 per share. Since then, it has more than tenfold in value.
The company's market valuation has also skyrocketed, reaching a record high of over $3 trillion this week.
Nvidia's 10-for-1 stock split is a significant event for investors. It will make the company's shares more affordable for individual investors and could help boost demand for the stock.
0 Komentar