Nvidia Announces 10-for-1 Forward Stock Split
Stock Split to Enhance Accessibility for Employees and Investors
Details of the Split and Impact on Shareholders
Nvidia Corporation has announced a 10-for-1 forward stock split, effective after the market closes today. This move, commonly referred to as a forward split, involves the company issuing additional shares to current shareholders, effectively reducing the per-share price.
The split-adjusted shares are expected to begin trading tomorrow. Nvidia explained that the split is intended to make stock ownership more accessible to employees and investors, broadening the pool of potential shareholders.
In a forward split, the number of shares outstanding increases while the total market value of the company remains unchanged. For instance, if an investor currently holds 100 shares of Nvidia stock worth $100 per share, after the 10-for-1 split, they will receive an additional 900 shares, resulting in a total of 1,000 shares with a per-share price of $10.
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