Nvidia Stock Split: What You Need to Know
Nvidia's Stock to Split 10-for-1
Nvidia has announced a 10-for-1 forward stock split. The split will take effect after the market closes on Friday, May 22nd. This means that for every one share of Nvidia stock that you currently own, you will receive ten shares after the split. The split is intended to make Nvidia's stock more affordable for individual investors. Nvidia's stock has been on a tear in recent years, rising from $100 per share in 2015 to over $300 per share today.
What Does This Mean for Investors?
If you are a current Nvidia shareholder, you will receive ten shares for every one share that you currently own after the split. The value of your investment will not change as a result of the split. However, the split may make Nvidia's stock more attractive to individual investors who may have been priced out of the stock in recent years.
What's Next for Nvidia?
Nvidia is a leading provider of graphics processing units (GPUs). GPUs are used in a variety of applications, including gaming, artificial intelligence, and data science. Nvidia is expected to continue to benefit from the growing demand for GPUs in these markets. The stock split is a sign that Nvidia is confident in its future prospects.
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