Reported 6 months ago
Nvidia, the semiconductor tech giant, has announced a 10-1 stock split effective June 7, with each stockholder receiving nine additional shares. The split aims to make ownership more accessible to employees and investors, lowering the share price from $1,020 to around $102 per share. Stock splits do not change the total value of holdings for existing shareholders but can make shares more affordable and boost liquidity. Nvidia's recent performance includes a 7.4 percent jump to $1,020 per share after a strong earnings report and a 150 percent increase in dividends.
Source: YAHOO