NVIDIA Announces 10-for-1 Forward Stock Split

Company Seeks to Lower Share Price Amidst Market Volatility

Earnings Report Highlights

In its first-quarter earnings report, NVIDIA (NVDA) announced a 10-for-1 forward stock split, effective today. The split-adjusted shares are set to begin trading on June 29.

The stock split aims to reduce NVIDIA's share price, which has surged over 700% in the last year amid high demand for its graphics cards. By increasing the number of shares outstanding, the company hopes to make them more accessible to retail investors.

NVIDIA's announcement follows a similar move by Tesla, which also executed a 10-for-1 stock split earlier this year. Forward stock splits have become increasingly common as companies seek to manage share price volatility and make their stocks more attractive to a wider range of investors.

It is important to note that a stock split does not affect the underlying value of a company. While the number of shares will increase, the total market capitalization will remain the same.