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Nvidia announces 10-for-1 stock split after AI-driven boom in share price - TL;DR CNBC

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: GOOGLTSLANVDAAMZN

Keywords: tesla incbusiness newsinternetamazon.com incenterprisenvidia corpbreaking news: technologyalphabet inc

Source: https://www.cnbc.com/2024/05/22/nvidia-announces-10-for-1-stock-split.html


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