Nvidia Stock Split Begins Trading Today
Investors Prepare for 10-for-1 Split
NVDA Joins Mega-Cap Tech Peers in Stock Split Movement
The long-awaited moment for many investors has arrived. NVIDIA (NVDA) is set to split its stock today, June 7th, after the market closes. Following the split, trading will resume on a split-adjusted basis.
Nvidia's 10-for-1 stock split is a significant development, joining the ranks of other mega-cap tech companies that have recently undergone stock splits. This includes the "Magnificent 7" stocks that have split since April 2022, including Amazon, Alphabet, and Tesla.
The stock split was announced by Nvidia in its fiscal first-quarter earnings report on Wednesday. The company stated that the shares will begin trading on a split-adjusted basis today.
Nvidia's stock price has been on a surge lately, and the stock split is expected to make the shares more accessible to a wider range of investors. Investors should note that the stock split does not change the company's underlying value, but it may increase liquidity and trading volume.
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