Nvidia announces 10-for-1 stock split after AI-driven boom in share price
Publishing timestamp: 2024-05-22 17:51:45
Summary
Nvidia announced a 10-for-1 stock split, making shares more accessible to investors and employees. The company's stock price has soared in the past five years, and the split will not change the financial fundamentals but may have a positive psychological effect on retail investors. Other tech giants like Alphabet, Amazon, and Tesla have also recently instituted stock splits. Trading on the split-adjusted basis will begin on June 10.
Sentiment: POSITIVE
Tickers: GOOGL, TSLA, NVDA, AMZN,
Keywords: tesla inc, business news, internet, amazon.com inc, enterprise, nvidia corp, breaking news: technology, alphabet inc,
Source: https://www.cnbc.com/2024/05/22/nvidia-announces-10-for-1-stock-split.html