May 24th - $NVIDIA (NVDA.US)$ is about to implement a 10-for-1 stock split of shares. The shares will begin trading on a split-adjusted basis from June 10th, 2024.
$NVIDIA (NVDA.US)$ rose 9.32% and closed at $1037.99 on May 23rd with a turnover of $86.66 billion. $NVIDIA (NVDA.US)$ now has a total market capitalization of $2.55 trillion.
What Is a Stock Split?
A stock split happens when a company increases the number of its shares to boost the stock's liquidity. Although the number of shares outstanding increases by a specific multiple, the total value of all shares outstanding remains the same because a split does not fundamentally change the company's value.
Note:
The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.