The article discusses Nvidia’s announcement of a 10-for-1 stock split that will take effect after the company’s upcoming 4-for-1 stock dividend. The stock split aims to make Nvidia’s shares more accessible to investors and employees. After the split, shareholders will receive nine additional shares for every one share they own. The stock dividend is payable on July 20 to shareholders of record on June 21. Nvidia’s shares have surged in recent years due to the company’s success in areas like artificial intelligence, gaming, and data centers. The stock split and dividend are subject to final approval by Nvidia’s board of directors. The article also mentions that other major tech companies like Amazon and Google have implemented stock splits in the past year.
Source: https://abcnews.go.com/US/wireStory/nvidia-10-1-stock-split-effect-after-stock-110979573