Nvidia, the leading chipmaker, is undergoing a stock split! This means big changes for investors. Let's break down everything you need to know.
The stock split officially takes place on Friday, June 7th, 2024, after the market closes.
A stock split increases the number of shares a company has outstanding without affecting its overall value.
If you own Nvidia stock by the close of the market on June 7th, you'll receive nine additional shares for each share you hold.
The share price will adjust to reflect the split on Monday, June 10th. This is the first day of trading with the split-adjusted price.
No, the stock split does not change the total value of Nvidia. The company's market capitalization remains the same.
Stock splits are often used to make shares more affordable for individual investors, potentially increasing trading activity.
Keep an eye on Nvidia's official channels for further updates about the stock split and the company's future.