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Now entering the stock split zone. Nvidia is joining its megacap tech peers, becoming the fourth "Magnificent Seven" stock to split since 2022.The chip giant’s 10-for-1 stock split, which will ...
This market giant isn't new to stock splits. In fact, Nvidia just completed its most recent stock split in June after the shares soared past $900 earlier in the year -- and then surged past $1,000 ...
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In the case of Nvidia's 10-for-1 split, investors will own 10 times the number of shares they did previously, but each of those shares will be worth 10% of what they were before the split.
Image source: Getty Images. Details about Nvidia's stock split. First, a few details about the stock split.Nvidia issued the new shares to current holders after the close of trading on June 7.
Management announced a 10-for-1 stock split "to make stock ownership more accessible to employees and investors." The split is scheduled to take place after the market close on Friday, June 7.
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Now let's consider the Nvidia operation, a 10-for-1 stock split, effective June 7. This means that if you hold one Nvidia share today, post-split you'll own 10, but the value of your holding will ...