Nvidia Announces 10-for-1 Stock Split
Stockholders Get a Tenfold Boost
WEB NVIDIA Corp. (NASDAQ: NVDA) announced on Wednesday a 10-for-1 forward stock split. The shares will begin trading on a split-adjusted basis on June 10, 2024, the company said in its fiscal first-quarter earnings report.
Nvidia Stock Performance
WEB Nvidia stock closed trading at $1224.40 per share on Wednesday. If the stock were to have split on Wednesday, it would have been valued at $122.44. The stock price has climbed by more than 900% in the past five years.
Nvidia CEO Comments
WEB "This stock split is a testament to the tremendous progress we have made in the past few years and our confidence in the future of Nvidia," said Jensen Huang, Nvidia's co-founder and CEO. "We appreciate the support of our shareholders and are excited to continue to create value for them in the years to come."
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