When does the Nvidia stock split happen? What you need to know
When does the Nvidia stock split happen? What you need to know
Nvidia Announces Stock Split Amidst Revenue Surge
Stock Split Date and Details
Nvidia's 10-for-one stock split is scheduled after the trading close on June 7, 2023. Shareholders must hold the stock by June 6 to benefit from the split, with trading on the new basis starting June 10.
Significant Revenue Growth
The company reported a substantial increase in revenue, over 260% compared to the first quarter of 2023, driven by high demand for generative AI training.
Dividend Information
Post-split, Nvidia will pay a dividend of one cent per share on June 28, with eligibility for shareholders recorded after the market close on June 11.
Impact of AI and Computing
CEO Jensen Huang emphasized the shift towards accelerated computing and AI factories, marking the start of what he called "the next industrial revolution."
How much did Nvidia's data center revenue grow from the previous year?
Nvidia's data center revenue experienced a substantial growth, increasing by 427% from the previous year, reaching $22.6 billion. This significant rise was largely driven by the heightened demand for generative AI training.
On what date did Nvidia announce its stock split during the earnings call?
Nvidia announced its stock split during the first quarter earnings call last week, as mentioned in the news article. However, the exact date is not provided in the given context.