Board Of Directors Approves Split In Form Of Stock Dividend

NVIDIA Announces 4-for-1 Stock Split

Board of Directors Approves Split in Form of Stock Dividend

Shares to Become More Accessible to a Wider Range of Investors

SANTA CLARA, Calif., May 21, 2021 - NVIDIA Corporation (NASDAQ: NVDA) today announced that its board of directors has declared a four-for-one split of NVIDIA's common stock in the form of a stock dividend.

The stock split will increase the number of NVIDIA's outstanding shares from approximately 975 million to approximately 3.9 billion. Each NVIDIA shareholder of record at the close of business on June 2, 2021, will receive three additional shares of NVIDIA common stock for each share held on that date.

The distribution date for the stock split is expected to be June 21, 2021. The new shares will begin trading on a split-adjusted basis on June 22, 2021.

NVIDIA's stock has been on a tear in recent years, thanks to the company's strong position in the gaming and data center markets. The stock split is a move to make the shares more accessible to a wider range of investors, as well as to reward existing shareholders.

In a statement, NVIDIA CEO Jensen Huang said, "Our stock split is a reflection of the significant progress we have made in building NVIDIA into a leading artificial intelligence computing company. The split will make our shares more accessible to investors, and it is another sign of our confidence in the future of NVIDIA."

The stock split is the latest in a series of positive developments for NVIDIA. The company recently reported strong earnings for the first quarter of 2021, and it is expected to continue to grow in the coming years.

NVIDIA's stock split is a positive sign for investors and a testament to the company's strength. The split is expected to make the shares more accessible to a wider range of investors, and it is likely to continue to drive the stock price higher in the years to come.