Nvidia Announces 10-for-1 Stock Split
A Significant Move for Chipmaker Giant
Details and Implications for Investors
WEB Celebrated chipmaker Nvidia NVDA, whose graphics processing units or GPUs are widely used in gaming and cryptocurrency mining, has announced a significant move. The company's board of directors has declared a four-for-one split of Nvidia's common stock in the form of a stock dividend.
Nvidia initially announced a 10-for-1 forward stock split in its fiscal first-quarter earnings report on Wednesday. A forward stock split is the most common sort of split, involving offering more shares to current holders. This type of split increases the number of outstanding shares without affecting the company's market capitalization or fundamental value.
Nvidia's long-awaited 10-for-1 stock split went into effect after the market closed today. Let's review the details of this split and its implications for investors.
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