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Nvidia Stock Split: 10-for-1 Split to Commence on June 10
Nvidia's Comprehensive Stock Split Announcement
NVIDIA Corporation (NVDA) has announced the execution of a 10-for-1 stock split, effective after the market closes on June 7, 2023. The split-adjusted shares will begin trading on June 10, 2023.
Details of the Stock Split
Under the terms of the stock split, each shareholder of record as of June 7, 2023, will receive nine additional shares for every one share of NVIDIA common stock they own. Following the split, the number of authorized common shares of NVIDIA will increase from 4 billion to 40 billion.
Market Reaction and Investment Implications
NVDA's common stock shares have experienced a significant surge since the announcement of the stock split on May 22, 2023. However, the stock has recently declined to trade at a lower level.
Stock splits do not change the intrinsic value of a company's shares but can make them more accessible to investors with smaller portfolios. The 10-for-1 stock split will provide increased liquidity and potentially attract a broader range of investors to NVIDIA's stock.
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