NVIDIA Announces 10-for-1 Forward Stock Split
Making Shares More Accessible for Retail Investors
Stockholders to Receive 10 Shares for Every Share Owned
[City, State] - [Date] - NVIDIA Corporation (NASDAQ: NVDA) today announced that its board of directors has declared a 10-for-1 forward stock split in the form of a stock dividend. The split is scheduled to take effect on July 20, 2023, for stockholders of record on July 13, 2023. Under the terms of the split, each stockholder of record will receive 10 shares of NVIDIA common stock for every one share they currently own. The split will not affect the total value of stockholders' investments; however, it will make shares more accessible to retail investors.NVIDIA's stock has been on a tear in recent years, driven by the company's strong performance in the graphics and artificial intelligence (AI) markets. The stock split is a reflection of NVIDIA's confidence in its future growth prospects and its desire to make its stock more appealing to a broader range of investors.
"We believe that this stock split is a positive step for NVIDIA and our stockholders," said Jensen Huang, NVIDIA's founder and CEO. "It will make our shares more accessible to a wider range of investors, including retail investors who may not have been able to afford to buy our stock at its current price."
The stock split is subject to approval by NVIDIA's stockholders at the company's annual meeting on June 21, 2023. However, the board of directors has recommended that stockholders approve the split, and it is widely expected to be approved.
Conclusion: NVIDIA's stock split is a sign of the company's continued success and its commitment to making its stock more accessible to all investors. The split is expected to have a positive impact on NVIDIA's stock price and make it more attractive to a wider range of investors. As NVIDIA continues to grow and expand its business, the stock split is a wise move that will benefit all shareholders.
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