Handelsblatt
Nvidia announces 10-for-1 stock split
Company reports record revenue in Q1 2024
Split will occur on June 22, 2024
Nvidia announced a 10-for-1 stock split on Wednesday, May 22, 2024. The split will occur on June 22, 2024. This means that for every one share of Nvidia stock that shareholders own, they will receive 10 shares after the split.
The stock split was announced in conjunction with Nvidia's fiscal first-quarter earnings report. The company reported record revenue of $26 billion, an 18% increase quarter over quarter and 262% year over year.
Nvidia's stock has surged 147% so far in 2024. The company's stock split is likely a move to make its shares more affordable to a wider range of investors.
Here are some key details about Nvidia's stock split:
- The split ratio is 10-for-1.
- The split will occur on June 22, 2024.
- Shareholders will receive 10 shares for every one share they own.
- The split is intended to make Nvidia's shares more affordable to a wider range of investors.
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