Golden opportunity, Share split 1:10 effective June 7
Alongside its blockbuster earnings report on Wednesday, the company announced plans to split its stock 10-for-1, meaning existing shareholders will receive 10 shares of Nvidia for every 1 they own at a price that is 10% of the market value.
In other words, companies are more likely to split their stock in good times than bad. Notable, given that Nvidia's stock split also came alongside a 150% increase in its dividend.
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