The price of the existing shares will be divided by four. When a split occurs, investors will receive four shares for every share they own.
The Nvidia board of directors said that the reason why they decided to split shares is "to make stock ownership more accessible to investors and employees." This means that the price of a single stock will be less for whoever wants to buy it. But what does that mean for the company and for the shareholders? The 4-for-1 split will take place on July 20. On May 26, together with its first-quarter revenue, the company announced plans for its fifth stock split since going public in ‘97. Revenue in the gaming segment jumped by 106% on strong demand for the company's graphics processing units used by gamers. NVIDIA's $5.66 billion in revenue exceeded the goal of $5.3 billion. NVIDIA 's first-quarter revenue went up 84% year over year and its earnings per share surged 106%. On our infographic, you can see the remarkable results of the company. It is especially important for the production of mobile phones, game consoles, the automotive and military industries. The chips of this company are built-in all electronic devices from watches to satellites. Today, modern life and technological progress cannot be imagined without Nvidia. The corporation is a leading manufacturer of computer chips and a leader in the production of graphics cards for the gaming sector. Nvidia is a tech giant based in Santa Clara, California.
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