Impact On Investors

Nvidia's 10-for-1 Stock Split to Take Effect Soon

Impact on Investors

Investors who own Nvidia (NVDA) stock at the close of trading on Thursday, June 10th, 2024, will be impacted by the company's upcoming stock split. Nvidia's 10-for-1 split means that if you hold one Nvidia share, you'll receive an extra nine as part of the operation.

For example, if you own 100 shares of Nvidia stock currently, you will receive an additional 900 shares as part of the stock split. This will increase your total number of shares to 1,000.

The stock split is intended to make Nvidia shares more affordable for investors and employees. The split will lower the share price of Nvidia, which could make the stock more appealing to a wider range of investors.

However, it's important to note that the stock split will not affect the overall value of your investment. The total value of your investment will remain the same after the split.

Market Reaction

The news of Nvidia's stock split was well-received by investors. Nvidia's stock price rose by over 5% in after-hours trading on Wednesday following the announcement. Investors are likely anticipating that the stock split will make Nvidia shares more attractive to a broader range of investors, which could lead to a higher stock price in the long run.