10 For 1 Split Approved By Board Of Directors

Nvidia Announces Stock Split

10-for-1 Split Approved by Board of Directors

Share Price to Drop to $94.95

Nvidia Corporation (NVDA) has announced that its board of directors has approved a 10-for-1 forward stock split. This means that each share of Nvidia's common stock will be divided into ten new shares, resulting in a reduction in the share price from $949.50 to $94.95. The split will be effected by way of a stock dividend, and is expected to become effective on July 20, 2023.

The stock split is intended to make Nvidia's shares more accessible to a wider range of investors. The company believes that the lower share price will make it easier for individual investors to purchase shares, and will also increase the liquidity of the stock. The split does not affect the underlying value of the company, and each shareholder will continue to own the same percentage of the company after the split as they did before.