Nvidia announces stock split in 2024
Stock to split 4-for-1
Nvidia announced on Wednesday that it will be conducting a 4-for-1 stock split in 2024. The split is intended to make the company's stock more accessible to a wider range of investors, including private individuals.
Stock closed at $122.44 on Wednesday
Nvidia's stock closed at $122.44 on Wednesday, making it one of the 11 most valuable companies in the S&P 500. The stock has been on a steady upward trend over the past year, and the company has been reporting strong financial results.
Split will make stock more affordable
The stock split will make Nvidia's stock more affordable for individual investors. The split will reduce the price of each share by a factor of four, making it more accessible to those who may not have been able to afford to buy a full share before.
Conclusion
Nvidia's stock split is a positive development for the company and its investors. The split will make the stock more accessible to a wider range of investors and could help to increase the company's share price in the long term.
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