Nvidia Announces 10-for-1 Stock Split

Stock to Begin Trading on Split-Adjusted Basis Before Q1 Earnings Call

Company's Shares Soar to All-Time High

Nvidia, a leading semiconductor company, announced a 10-for-1 forward stock split in its fiscal first-quarter earnings report on Wednesday. The split-adjusted shares are set to begin trading on May 22, 2024, the date of the company's Q1 2024 earnings call.

Before the announcement of the stock split, Nvidia's shares closed at $949.50. Since then, the stock has reached an all-time high, further solidifying Nvidia's position as a dominant player in the technology industry.

A stock split is a corporate action that cleaves a company's shares into smaller portions, effectively swapping one existing share for two, three, four, or more. Companies often split their stock when the share price has become too high, making it less accessible to smaller investors.

Nvidia's stock split is a sign of the company's financial strength and its confidence in its future prospects. The move is also likely to attract a broader range of investors, further increasing the liquidity of the stock.

In addition to Nvidia, other companies in the AI-focused software sector are also considering stock splits. This trend suggests that the AI industry is poised for continued growth and profitability, making it an attractive investment opportunity for both individual and institutional investors.