Nvidia announces 10-for-1 stock split. What does this mean?
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In Nvidia’s (NVDA) broad earnings beat reported on Wednesday, the chip giant announced a 10-for-1 stock split to be implemented for current shareholders on June 7. But what exactly is a stock split and what happens to company shares when one is approved? Wealth! Host Brad Smith gives a thorough break down of what happens to corporate stock under a split and the incentive behind one. For more of everything Nvidia, catch Yahoo Finance’s exclusive interview with CEO Jensen Huang. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. […]