when did nvidia announce stock split

When did nvidia announce stock split? NVIDIA announced a 10-for-1 forward stock split on May 22, 2024, in its fiscal Q1 FY2025 earnings release. This article summarizes the announcement, exact impl...

2025-11-17 16:00:00

By Emma Shah

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NVIDIA 2024 stock split

Core question: when did nvidia announce stock split — and what happened next? This article answers that question up front, then explains the background, exact dates, corporate mechanics, shareholder effects, market reaction, and where to find official filings. It is written for readers who want a clear, sourced summary of NVIDIA’s 2024 stock split and practical context for shareholders.

Summary (direct answer)

When did nvidia announce stock split? NVIDIA announced a 10-for-1 forward stock split on May 22, 2024, in its fiscal Q1 FY2025 earnings press release. The company set a record date of June 6, 2024, distributed split shares after market close on June 7, 2024, and split-adjusted trading began at market open on June 10, 2024. The announcement also included a quarterly cash dividend increase and corporate charter amendment to increase authorized common shares.

截至 May 22, 2024，据 NVIDIA press release 报道，the company cited accessibility for employees and investors as the primary rationale for the split and highlighted record revenue for the quarter.

Background

Company overview

NVIDIA Corporation (ticker: NVDA) is a U.S.-listed technology company traded on the NASDAQ. The firm is widely known for graphics processing units (GPUs) and has become a leading supplier of AI and data-center compute solutions. Rapid revenue growth and investor demand driven by AI and data-center adoption contributed to a high per-share price in the months prior to the split announcement.

截至 May 22, 2024，据 Reuters and CNBC 报道，NVIDIA’s market capitalization had exceeded the trillion-dollar mark at earlier points in its multi-year appreciation, reflecting strong investor demand for the company’s AI-related products and services.

Historical stock-split context

NVIDIA had executed several prior forward stock splits in its corporate history. According to NVIDIA’s historical materials, notable previous splits include multiple forward splits in the 2000s and a 4-for-1 split in 2021. The 2024 10-for-1 split continued the company’s occasional use of forward splits to lower per-share trading prices and broaden access to ownership.

(See the References section below for specific historical press materials from NVIDIA.)

Announcement

Announcement date and source

When did nvidia announce stock split? The company announced the split on May 22, 2024, in its fiscal first-quarter 2025 earnings press release and related investor materials. The announcement appeared in NVIDIA’s newsroom and investor-relations channels on that date and was widely reported by major business outlets on May 22, 2024.

截至 May 22, 2024，据 NVIDIA press release 报道，the press release was the canonical source for the 10-for-1 stock split details.
Major news outlets (e.g., Reuters and CNBC) summarized the announcement the same day and provided market reaction coverage.

Official language & stated rationale

In the May 22, 2024 release, NVIDIA said the split was intended to make ownership of the company’s common stock more accessible to employees and investors. The announcement also highlighted the company’s record revenue for the quarter and an increase in the quarterly cash dividend. The company further noted it would effect the split through an amendment to its Restated Certificate of Incorporation to increase authorized common shares so the split could be executed.

The company’s press materials framed the split as an administrative corporate action to improve share accessibility, not as a change to the company’s underlying value or strategy.

Split terms and implementation

Split ratio and corporate action

Type and ratio: NVIDIA announced a 10-for-1 forward stock split (each pre-split share would be converted into ten post-split shares).
Legal mechanism: The split was effected by an amendment to NVIDIA’s Restated Certificate of Incorporation to increase the number of authorized shares of common stock, as described in the company’s announcement.

Key implementation dates (canonical timeline)

Announcement date: May 22, 2024 (press release and investor materials).
Record date (who was entitled): Close of market on Thursday, June 6, 2024. Shareholders of record at the close of trading on that date were eligible to receive the split shares.
Distribution date: After market close on Friday, June 7, 2024, NVIDIA distributed the split shares.
Split-adjusted trading: Split-adjusted trading began at market open on Monday, June 10, 2024.

截至 June 10, 2024，据 CNBC and Reuters 报道，the new share count and adjusted price were reflected in market quotes and trading systems on that date.

Effect on authorized shares and charter amendment

To implement the split NVIDIA amended its corporate charter (Restated Certificate of Incorporation) to increase the number of authorized common shares. This is a standard legal step for forward splits when the authorized share count must be raised to cover the increased number of issued shares post-split. The company’s investor materials referenced the amendment as the mechanism enabling the 10-for-1 split.

Dividend adjustment announced with the split

NVIDIA’s May 22, 2024 announcement included a change to the company’s quarterly cash dividend:

The board declared an increase in the quarterly cash dividend from $0.04 per share to $0.10 per share on a pre-split basis.
Because of the 10-for-1 split, the post-split per-share dividend is adjusted to reflect the split (the company noted that the $0.10 pre-split dividend is equivalent to $0.01 per share on a post-split basis).

The press release specified record and payment dates for the dividend consistent with typical corporate practice; shareholders should consult the company’s investor relations announcements and SEC filings for exact dividend payment dates and eligibility.

Mechanics and shareholder impact

How the split affected holdings (simple example)

Before split: An investor owning 1 share of NVDA at $X per share owned 1 share.
After 10-for-1 split: That same investor owned 10 shares of NVDA, and the per-share market price was adjusted to approximately $X/10, leaving the investor’s total market value roughly unchanged immediately after the split (absent market price moves).

Example: If a pre-split share traded at $1,000, after the 10-for-1 split the adjusted per-share price would be approximately $100 and the shareholder would hold 10 shares (neglecting small rounding or fractional-share treatment by brokers).

Fractional shares and brokerage handling

Brokers handle fractional shares differently. Many brokers either credit cash in lieu for fractional entitlements or use automated systems to consolidate fractional interests. Shareholders should check with their brokerage for specifics on fractional-share treatment. The split was administered through standard exchange and broker protocols so most omnibus brokerage accounts were adjusted automatically.

Tax and record-keeping points

A forward stock split is typically treated as a non-taxable corporate action in many jurisdictions; it does not by itself realize a taxable event for shareholders. However, tax treatment can vary by country and individual circumstances. Shareholders should maintain records of pre- and post-split share quantities and adjusted cost basis for their own tax reporting and consult a tax advisor for specific guidance.

Market reaction and short-term performance

Immediate market reaction

When did nvidia announce stock split — and how did markets respond? On May 22, 2024, after the announcement, financial media reported immediate bullish sentiment around accessibility and investor interest. News outlets such as Reuters and CNBC covered the announcement and noted near-term price moves and trading volume spikes around the date of the announcement and the implementation timetable.

截至 May 22, 2024，据 Reuters 报道，the announcement accompanied reporting of strong quarterly revenue guidance and contributed to near-term market attention on the stock.

Analyst and media commentary

Media and analysts emphasized several themes:

Accessibility: A lower nominal per-share price post-split could make shares more accessible to retail investors and employees holding stock awards.
Psychology: Splits sometimes influence investor perceptions and trading behaviour, though splits do not change fundamental value.
Comparisons: Commentators compared the move with other high-profile tech-company splits and discussed how the split could interact with employee equity programs.

Investment media also highlighted that company fundamentals and market sentiment, especially around AI demand, remained the primary drivers of longer-term performance.

Post-split observations

Post-split price action and longer-term returns depend on market conditions, earnings, and macro factors. Historical research shows that stock splits do not guarantee future returns; they are primarily a corporate action to change share counts and per-share pricing. Some analyses in business outlets (e.g., Motley Fool and Investopedia summaries) reviewed historical split follow-throughs but cautioned against treating splits as definitive predictors of future performance.

Strategic rationale and corporate messaging

Company rationale

NVIDIA’s stated rationale for the 10-for-1 split was to make share ownership more accessible to employees and investors. The company framed the split as aligning equity availability with broader employee-compensation and investor-access goals, particularly given higher per-share prices leading up to the split.

The May 22, 2024 investor materials paired the stock-split announcement with strong financial results and dividend adjustments, reinforcing the company’s message about both operational momentum and shareholder-return considerations.

How the split fits with compensation and investor relations

Forward splits can help with the administrative and psychological aspects of equity compensation (grant sizes, strike prices, perceived affordability for employees) and can be used as a tool by investor relations teams to broaden retail participation. NVIDIA’s split was consistent with such uses and with prior splits in the company’s history.

Legal and regulatory aspects

Corporate governance steps

Effecting a stock split generally requires a board resolution and, where necessary, amendment of the company’s charter to increase the number of authorized shares. NVIDIA’s May 22, 2024 announcement noted the amendment to the Restated Certificate of Incorporation as the legal mechanism for enabling the 10-for-1 split.

If shareholder approval is required for charter changes under a company’s governing documents or applicable law, that approval must be obtained. NVIDIA’s investor materials identified the steps the company undertook to ensure the split complied with corporate and securities rules.

Filings and disclosures

Details of the split and related corporate actions were disclosed in the company’s press release and investor-relations materials. Companies commonly also file Form 8-K with the U.S. Securities and Exchange Commission to report significant corporate events; shareholders and analysts should consult the company’s SEC filings for formal legal disclosures and attachments.

截至 May 22, 2024，据 NVIDIA investor materials 报道，the press release and related investor documents were the primary immediate sources of detail; subsequent SEC filings (e.g., Form 8-K) documented the corporate actions for regulatory purposes.

Historical overview of NVIDIA stock splits

NVIDIA’s corporate history includes multiple forward splits. According to NVIDIA’s official historical materials and prior press releases, the company has completed several forward stock splits over the decades leading to the 2024 action. Notably:

Early 2000s: NVIDIA undertook multiple forward splits as the company’s stock price and shareholder base expanded.
2021: NVIDIA completed a 4-for-1 forward stock split announced in 2021 (official NVIDIA materials cover the specifics and timing).
2024: The 10-for-1 forward split announced May 22, 2024, is the most recent in the company’s split history.

These splits cumulatively increased the number of outstanding shares over time and reduced the per-share trading price at each step, while not changing the proportional ownership or aggregate market value immediately as a direct result of the split itself.

For precise dates and ratios for each historical split, consult NVIDIA’s archived press releases and investor-relations materials listed in the References below.

Practical checklist for shareholders (what to do after a split announcement)

Confirm the announced dates: record date, distribution date, and trading date.
Check brokerage account for automatic adjustments to share quantities and price quotes on the effective trading date.
Verify how your broker handles fractional shares (cash-in-lieu or rounding) and any fees associated.
Update your personal records for adjusted share quantity and cost basis; maintain documentation for tax reporting.
Review the company’s SEC filings (Form 8-K) and investor-relations notices for legal documentation and exact dividend/payment dates.
Consult a tax advisor if you have jurisdiction-specific questions about tax treatment.

Note: This article is informational and not investment advice.

Market-data snapshot and verifiable metrics

Announcement date: May 22, 2024 (NVIDIA press release and investor materials).
Split ratio: 10-for-1 forward stock split (NVIDIA announcement).
Record date: Close of market on June 6, 2024.
Distribution date: After close on June 7, 2024.
Trading effective: Market open on June 10, 2024.
Dividend change: Board declared an increase from $0.04 to $0.10 per share pre-split (equivalent to $0.01 post-split).

截至 May 22, 2024，据 Reuters and CNBC 报道，NVIDIA’s market capitalization had been reported in coverage as exceeding $1 trillion in recent periods prior to the split; exact intraday market-cap figures are available from market-data vendors and treasury reports for specific dates.

For up-to-date market capitalization, trading volume, or exchange-level metrics, consult a real-time market-data source or the company’s investor-relations disclosures.

References

Primary sources and contemporaneous reporting used for this summary (reporting dates shown):

NVIDIA press release, “NVIDIA Announces Financial Results for First Quarter Fiscal 2025” — reported May 22, 2024. (Company newsroom / investor-relations release.)
Reuters coverage of the announcement — May 22, 2024.
CNBC reporting summarizing the 10-for-1 split and implementation dates — May 22, 2024.
Investopedia explainer, “Nvidia's 10-for-1 Stock Split Is Coming—What You Need To Know” — May 23, 2024.
Motley Fool and other analyst write-ups covering market reaction and split implications — late May–June 2024.
NVIDIA historical investor materials and prior split PDF (covering prior splits, including 2021) — archived press materials.

All referenced items above are primary or widely available secondary reporting of the public corporate action. For precise legal text, SEC filings (e.g., Form 8-K) and NVIDIA’s investor-relations pages are the canonical records.