Nvidia Announces 10-for-1 Stock Split
Chipmaker Makes Shares More Accessible to Investors
Move Conditional on Shareholder Approval
**SANTA CLARA, Calif.** – May 21, 2021 – NVIDIA today announced that its board of directors has declared a four-for-one split of NVIDIA’s common stock in the form of a stock dividend. The move is subject to shareholder approval at the chipmaker’s upcoming annual stockholders meeting. If approved, each shareholder of record as of the close of business on June 8, 2021, will receive three additional shares of common stock for each share held. The new shares are expected to be distributed on or about June 21, 2021. “A stock split makes our shares more accessible to a broader range of investors,” said Jensen Huang, NVIDIA’s founder and CEO. “We believe this will benefit our shareholders and help us continue to grow our business.” NVIDIA’s last stock split was in June 2018, when the company split its stock 2-for-1. The company has split its stock a total of five times since its initial public offering in 1999. NVIDIA’s stock has been on a tear in recent months, driven by strong demand for its graphics chips from gamers, data centers, and other customers. The stock has more than doubled in value since the beginning of the year. The stock split is a sign of NVIDIA’s confidence in its future prospects. The company is benefiting from the increasing popularity of artificial intelligence and other technologies that require its chips. The stock split is also a good move for investors. It will make NVIDIA’s shares more affordable for small investors and could help to attract new investors to the stock.
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