Nvidia Announces 10-for-1 Forward Stock Split

Increased Accessibility for Shareholders

In a move to enhance shareholder value and make stock ownership more accessible, Nvidia Corporation (NVDA) has declared a 10-for-1 forward stock split. This announcement was made in conjunction with the company's first-quarter earnings report on Wednesday, signaling a major step towards broadening its investor base.

Details of the Split

Effective after the market closes today, existing Nvidia shareholders will receive an additional nine shares for every one share they hold. The split-adjusted shares are anticipated to begin trading on a post-split basis on Monday, May 22, 2023. This forward stock split will not affect the total value of the company or individual shareholders' ownership interests.

Rationale Behind the Split

Nvidia's decision to pursue a forward stock split stems from the desire to make ownership more attainable for both employees and potential investors. By splitting its shares, Nvidia effectively reduces the per-share price, making it more feasible for smaller investors to acquire and hold shares. This move aims to increase the liquidity of Nvidia's stock and enhance its appeal to a broader range of investors.