NVIDIA Earnings and Potential Stock Split
Earnings on May 22
As the title suggests, many investors are curious about NVIDIA's (NVDA) upcoming earnings report on May 22. In recent weeks, there have been several successful trades made based on earnings reports of other companies.
Possible Stock Split in 2024
There has been significant talk about a potential stock split for NVDA this year. NVDA has split its stock five times in its history, with the most recent one occurring in 2021 at a price of $740.
Historical Split Data
NVDA's previous stock split was announced on May 21, 2021, when the stock was trading at $599. The split was effective on July 20th.
Board Approval
NVIDIA has since announced that its board of directors has approved a 10-for-1 forward stock split. This will involve amending the company's charter.
Implications for Shareholders
NVIDIA shares closed on Wednesday at $949.50. Based on that price, a 10-for-1 split would result in each share costing approximately $94.95. However, it's important to note that the actual price may vary when the split takes effect.
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