1

Nvidia announces a 10-for-1 stock split

The split will make Nvidia's shares more affordable to a wider range of investors

Nvidia's stock has been on a tear in recent years, and the company's latest announcement is likely to further boost its share price

Nvidia announced a 10-for-1 stock split on Wednesday, making its shares more affordable to a wider range of investors. The split will take effect on July 20th, and will see each current share of Nvidia stock being split into 10 new shares. This will effectively reduce the price of each share by 90%, making it more attractive to smaller investors who may not have been able to afford the stock's current price.

Nvidia's stock has been on a tear in recent years, driven by the company's dominance in the gaming and artificial intelligence markets. The company's shares have more than doubled in value over the past year, and are now trading at around $300. The stock split is likely to further boost Nvidia's share price, as it will make the stock more attractive to a wider range of investors.

Nvidia's decision to split its stock is a sign of confidence in the company's future. The company is betting that its growth will continue in the years to come, and that the stock split will help to further fuel that growth.