Nvidia Completes 10-for-1 Stock Split
Market Cap Returns to Previous Levels
Investors Receive Nine Additional Shares for Every One Held
Nvidia completed a 10-for-1 forward stock split on Friday, increasing its share count and decreasing its share price while maintaining its market capitalization. The split was announced in the company's fiscal first-quarter earnings report on Wednesday.
As a result of the split, investors now own nine additional shares for every one they previously held. The split does not affect the total value of an investor's holdings, but it may increase the liquidity of the stock.
Stock splits are typically done to make a company's stock more affordable to investors. By increasing the number of shares outstanding, the company can lower the price per share, which may attract new investors.
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