NVIDIA Announces a Four-For-One Stock Split
NVIDIA Corporation, a global leader in visual computing, has announced that its board of directors has declared a four-for-one split of the company's common stock in the form of a stock dividend. The stock split will take effect on March 24, 2023, for shareholders of record as of March 10, 2023.
"This stock split reflects the strong growth and value creation that NVIDIA has delivered for our shareholders," said Jensen Huang, founder, and CEO of NVIDIA. "It also demonstrates our commitment to making NVIDIA stock more accessible to a broader range of investors."
The stock split will increase the number of outstanding shares from approximately 2.5 billion to 10 billion, and it is expected to make NVIDIA stock more affordable and liquid for investors. The company has a history of stock splits, with the most recent one being a two-for-one split in 2016.
NVIDIA's stock has performed well in recent years, driven by the growing demand for its visual computing products in markets such as gaming, data centers, and automotive. The company is expected to continue to benefit from the growth of these markets, and the stock split is seen as a positive move by investors.
In conclusion, NVIDIA's four-for-one stock split is a testament to the company's success and its commitment to making its stock more accessible to a wider range of investors. This move is expected to further enhance NVIDIA's position as a leading player in the visual computing industry.
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