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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

What Does Nvidia's 10:1 Stock Split Mean for Shareholders?

Nvidia AI NVDA
Nvidia's stock split will take place on June 7. (Credit: Jacek Abramowicz/Pixabay.com)

Nvidia Corporation (NASDAQ: NVDA), in Q1 2024, posted a record 262% year-over-year jump in quarterly revenue to $26 billion on the back of its growing data centre business boosted by the Blackwell platform.

Nvidia share prices jumped to record levels on the announcement, hovering above $1,100 apiece on May 28. The chipmaker also decided to execute a 10:1 or 10-for-1 forward stock split in its quarterly earnings report.

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