Nvidia's 10-for-1 Stock Split Takes Effect
Company Announces Forward Split to Make Stock More Accessible
Investors Receive Nine Additional Shares for Every One Held
Nvidia's 10-for-1 stock split is now in effect, giving investors nine additional shares for every one they previously held. The forward stock split, the most common type of split, involves issuing more shares to current holders.
Nvidia announced the split in its fiscal first-quarter earnings report on Wednesday. The shares began trading on a split-adjusted basis on Thursday.
The company said the stock split will make stock ownership more accessible to employees and investors. A lower share price can make it easier for smaller investors to buy and own the stock.
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