# NVIDIA Announces a 10-for-1 Stock Split after 600% profit surge

URL: https://technosports.co.in/nvidia-announces-a-10-for-1-stock-split/  
Published: 2024-05-23  
Updated: 2024-05-23  
Author: Raunak Saha

[Nvidia](https://technosports.co.in/tag/nvidia/), the renowned chipmaker, made headlines in its fiscal first-quarter earnings report by announcing a 10-for-1 forward stock split. According to the company’s release, the shares will begin trading on a split-adjusted basis starting June 10, 2024.

## NVIDIA Share Price: AI Leader’s Stock Soars After 600% Profit Surge and 10-for-1 Stock Split Announcement

### Understanding the Stock Split

While a stock split doesn’t alter the financial fundamentals of a company, it does make each share more affordable. This often has a positive psychological impact on retail investors, making the stock appear more accessible. Nvidia’s statement highlighted that the split aims to make ownership “more accessible to employees and investors.”

![NVIDIA](https://technosports.co.in/wp-content/uploads/2023/05/Nvidia-1-1024x614.jpg)

### Current and Post-Split Share Prices

[Nvidia](https://technosports.co.in/tag/nvidia/) shares closed at **$949.50 on Wednesday**. With the 10-for-1 stock split, each share will be priced at approximately **$94.95**. Although an investor would need to purchase ten shares to maintain the same stake in the company, the lower price per share may attract a broader range of investors. Nvidia joins the ranks of other tech giants like Alphabet, Amazon, and Tesla, which all executed stock splits in 2022.

### Market Reaction

Following the announcement, Nvidia shares surged nearly 4% in extended trading on Wednesday. The company also announced that each holder of Nvidia’s common stock will receive nine additional shares, distributed after market close on Friday, June 7. Trading on a split-adjusted basis will commence the following Monday.

![NVIDIA](https://technosports.co.in/wp-content/uploads/2023/05/nvidia-ceo-jensen-huang-1030x612-1-1024x608.jpg)

### A Historic Rally

[Nvidia](https://technosports.co.in/tag/nvidia/) investors have enjoyed a remarkable rally over the past five years, with the stock price increasing 25-fold. Originally recognized as a leading manufacturer of advanced graphics processing units (GPUs) for video games, Nvidia has recently emerged as a key player in the artificial intelligence industry. Revenue in Nvidia’s fiscal first quarter skyrocketed by 262% compared to the same period last year, marking the third consecutive quarter with growth exceeding 200%.

### Increased Dividend

In conjunction with the stock split, Nvidia announced an increase in its quarterly cash dividend from 4 cents per share to 10 cents on a pre-split basis. Post-split, this translates to a dividend of 1 cent per share.

For further details and updates, visit [Nvidia’s Investor Relations page](https://nvidianews.nvidia.com/news).

*via [CNBC](https://www.cnbc.com/2024/05/22/nvidia-announces-10-for-1-stock-split.html)*