Nvidia Corporation
NVIDIA Announces Ten-for-One Forward Stock Split
Summary
On June 7, 2024, NVIDIA Corporation announced a ten-for-one forward stock split, effective at 4:01 p.m. Eastern Time on the same day. The split increases the number of authorized shares of common stock from 8 billion to 80 billion. Trading is expected to commence on a split-adjusted basis at market open on June 10, 2024.
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About Nvidia Corporation
Nvidia Corporation is a leading technology company that specializes in the design and production of graphics processing units (GPUs) and integrated circuit technologies. Its GPUs are primarily known for their high performance in rendering graphics, making them a vital component in gaming, professional visualization, data centers, and autonomous machines. Founded in 1993, the company has a significant presence in sectors such as gaming, data science, machine learning, and artificial intelligence, where computational power is paramount. Nvidia’s product line includes the GeForce series for gaming and the Quadro series for professional graphics. Beyond hardware, the company offers software solutions like CUDA, a parallel computing platform enabling dramatic increases in computing performance by harnessing the power of the GPU. As a major player in the semiconductor industry, Nvidia is pivotal in advancing AI applications, powering deep learning frameworks, and fostering developments in fields like self-driving cars and high-performance computing. The firm, headquartered in Santa Clara, California, influences both consumer technology markets and the broader computing industry landscape.
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