Nvidia Announces Stock Split and Dividend Increase

Strong Financial Performance Drives Growth

Record Revenue and Stock Price Milestones

Chipmaker Nvidia (NVDA) announced a 10-for-1 stock split on Wednesday, making it more accessible for investors to purchase shares.

Nvidia's stock closed at $949.50 on Wednesday. With a 10-for-1 split based on that price, each share would be worth approximately $94.95. The split will take effect on June 10, 2023.

The stock split news comes after Nvidia reported strong financial results for the first quarter of fiscal 2025. The company reported revenue of $9.18 billion, up 46% year-over-year. Net income also increased by 49% to $2.58 billion.

In addition to the stock split, Nvidia also announced a 150% increase in its quarterly dividend, from $0.04 to $0.10 per share. The dividend increase reflects the company's confidence in its future prospects.

A Bright Future for Nvidia

Nvidia's stock price has soared in recent years, driven by the company's strong financial performance and its leadership in the artificial intelligence (AI) market. The stock split and dividend increase are further signs that Nvidia is confident in its future growth.

Investors who are interested in purchasing Nvidia shares should consider the company's strong fundamentals and long-term growth potential. The stock split will make it easier for investors to buy and hold Nvidia shares, making it an attractive investment for both individual and institutional investors.