did nvidia stock split in 2024? Quick guide

This article answers the question did nvidia stock split in 2024, summarizes official dates and terms, explains mechanics for brokers and shareholders, reviews market reaction and historical contex...

2026-01-14 07:45:00

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NVIDIA 2024 Stock Split

This article answers the question "did nvidia stock split in 2024" clearly and in detail. In short: yes — NVIDIA announced and implemented a ten-for-one forward stock split in mid‑2024. Below you will find official dates and terms, how brokerages and options markets handled the change, the corporate rationale, historical context, market reaction, tax and recordkeeping notes, and practical implications for retail and institutional investors. The goal is to be beginner friendly, fact based, and useful for anyone tracking NVDA corporate actions or preparing accounts on Bitget.

Note on reporting: where relevant this article cites primary company materials and major news coverage. For example, NVIDIA announced the split on May 22, 2024 (company press release and SEC filing). The distribution occurred after market close on June 7, 2024, and shares began trading on a split‑adjusted basis at market open on June 10, 2024.

Background

NVIDIA Corporation (ticker: NVDA) is a U.S. semiconductor company widely known for its graphics processing units (GPUs), data‑center accelerators, and software for AI and high‑performance computing. Strong demand for AI and data‑center compute in 2023–2024 significantly boosted NVIDIA’s share price and led to a very high per‑share market value. Companies with elevated per‑share prices sometimes split their stock to make individual share prices more accessible to retail investors and employees, and to increase share liquidity.

This context helps explain why shareholders and markets asked: did nvidia stock split in 2024. The short answer and timeline are provided next, followed by a detailed breakdown of terms and practical effects.

Announcement

On May 22, 2024, NVIDIA announced in its quarterly results release that its board had approved a 10‑for‑1 forward stock split and an increase to the quarterly cash dividend. The announcement and accompanying investor FAQ and SEC filing set out the split ratio, steps the company would take to effect the split, and the timing for distribution and recordkeeping.

As of May 22, 2024, per NVIDIA’s press release and investor FAQ, the board declared a 10‑for‑1 forward stock split and approved a dividend adjustment. (Source: NVIDIA press materials and SEC filing, reported May 22, 2024.)

This official announcement answered the question did nvidia stock split in 2024 before the split took effect in early June.

Terms of the split

Split ratio and type

The split was a forward split with a 10‑for‑1 ratio. That means each pre‑split share was converted into ten post‑split shares. Shareholders received nine additional shares for each share held before the split.

Stated plainly: did nvidia stock split in 2024? Yes — the action was a ten‑for‑one forward split.

Key dates and timeline

Announcement date: May 22, 2024 (company press release and SEC filing).
Distribution / effective record mechanics: NVIDIA distributed the split after the close of trading on June 7, 2024. That distribution date is when shares were allocated by the transfer agent in brokerage accounts.
Trading on a split‑adjusted basis: Shares began trading at the new split‑adjusted share count at market open on June 10, 2024.

Thus, while the board declared the split on May 22, 2024, the practical date when holders saw their balances change in accounts and prices adjusted in the market was the distribution after close on June 7 with split‑adjusted trading beginning June 10, 2024. These dates together directly answer the user question did nvidia stock split in 2024 and explain when the change took effect.

Par value and charter amendment

NVIDIA’s materials noted that the split was effected by amending the Restated Certificate of Incorporation to reduce par value proportionally (par value remained $0.001 per share after the amendment) and increase the number of authorized shares. This is a common legal step companies take to permit the larger share count post‑split.

Dividend adjustment

In tandem with the split announcement, NVIDIA adjusted its quarterly cash dividend. The company stated the pre‑split dividend was $0.10 per share; after the 10‑for‑1 split that amount equates to $0.01 per post‑split share to maintain the same total cash returned to shareholders on a per‑ownership basis.

The dividend change and relevant payment and record dates were included in NVIDIA’s investor materials dated May 22, 2024.

This adjustment shows how companies pair splits with dividend communications so that shareholders understand cash distributions on both pre‑ and post‑split bases.

Mechanics and brokerage handling

When answering did nvidia stock split in 2024, it helps to know how holdings actually change in brokerage accounts and what investors should expect.

Shares in brokerage accounts were updated after the transfer agent processed the split on the distribution date (after market close on June 7, 2024). Many brokers displayed new share totals and fractional‑share handling notices before market open on June 10 when trading adjusted to the new per‑share price.
Fractional shares: NVIDIA did not issue fractional shares. Brokers typically handled fractional entitlements according to their own policies (e.g., cash‑out fractional values at prevailing market prices or aggregation into whole shares). As reported by broker notices and intermediary help pages (for example, broker help pages that explained NVDA 10‑for‑1 mechanics), treatment of fractional shares varied by broker.
Timing and visibility: depending on the broker, the adjusted share count could appear either late on the distribution date or by the morning of the first split‑adjusted trading day. Most retail users saw the updated balances and per‑share prices on June 10, 2024, when the market opened on a split‑adjusted basis.

If you trade or hold NVDA on Bitget, ensure your account statements and wallet balances reflect the split; contact customer support if adjustments appear delayed. For custody of non‑exchange‑listed assets or tokens, prefer Bitget Wallet for backup and transfer handling.

Effect on shareholders and market capitalization

A stock split increases the number of shares outstanding while proportionally reducing the share price — but it does not change an investor’s percentage ownership in the company nor the company’s total market capitalization, all else equal.

Example illustration:

Before the split: 1 share at $X (pre‑split).
After a 10‑for‑1 split: 10 shares at roughly $X/10 each; total value still ≈ $X (ignoring intraday market movements).

Therefore, while many ask did nvidia stock split in 2024 because they saw different share counts, the underlying economics for shareholders remained the same immediately after the split.

Market reaction and trading

Market coverage on the split highlighted both the mechanical details and investor sentiment. Major business outlets reported NVIDIA’s May 22, 2024 announcement and covered how the market responded on June 10 when trading adjusted to the new share count.

Short‑term price behavior: on the first split‑adjusted trading day, press accounts noted opening prices and intraday activity as investors and algos adjusted to the new pricing increments. As reported on June 10, 2024, by major market coverage, NVDA’s share price per post‑split share opened and traded at levels reflecting the split‑adjusted market value.
Analysts’ commentary: coverage noted that splits can increase accessibility for retail buyers, broaden the shareholder base, and improve liquidity in smaller lot sizes. Critics counter that splits are cosmetic and do not change fundamentals. Both views appeared in the May–June 2024 coverage.

When measuring whether did nvidia stock split in 2024 mattered for trading strategies, remember that options and derivative contracts are adjusted (see next section) and that day‑to‑day price movement post‑split continues to reflect fundamentals and market sentiment.

Historical context and prior NVIDIA splits

Putting the 2024 split in perspective helps answer whether the move was exceptional or part of company history.

NVIDIA executed prior stock splits in past decades with smaller ratios (historical split dates and ratios are part of the company’s public record). The 10‑for‑1 split in 2024 was the largest split ratio NVIDIA had announced to that date.

Cumulatively, the 2024 split increased the number of outstanding shares by a multiple of ten, consistent with past corporate actions intended to keep per‑share prices within a preferred trading range for retail investors and employees.

Rationale and corporate intent

NVIDIA’s investor materials stated that the board approved the split to make the company’s common stock more accessible to employees and investors and to align the share price with perceived trading convenience and marketability. Paired with a dividend announcement, the board communicated a capital‑return posture while preserving the intrinsic per‑share economic interests of existing holders.

Common corporate reasons for splits include:

Improving share affordability for retail and employee purchasers;
Increasing trading liquidity and rounding of share prices to smaller lot sizes;
Signaling management confidence in future prospects (though this is debated).

These reasons were cited or discussed in the May 22, 2024 materials and subsequent coverage answering did nvidia stock split in 2024.

Practical implications for investors

If you held NVDA around the split, here are the key practical points to understand:

Account balances: shareholders received nine additional shares for every pre‑split share held on the record/distribution date; your total value (number of shares × price per share) was roughly unchanged immediately post‑split.
Options and derivatives: standard options exchanges and clearinghouses adjusted option contracts to reflect the split. For example, the number of underlying shares per options contract changed and strike prices were proportionally adjusted so that the aggregate contract value remained consistent. Check your options clearinghouse or broker notices for exact contract adjustments and new contract symbols.
Fractional share treatment: because NVIDIA did not issue fractional shares, brokers either cashed out fractional entitlements or applied internal policies. If you saw a cash payment instead of fractional shares, that payment represented the fractional entitlement at post‑split market prices.
Recordkeeping: if you use personal records for tax or portfolio tracking, update historic share counts and per‑share prices to a split‑adjusted basis so performance and cost‑basis calculations remain accurate.
Trading and order books: limit and stop orders placed before the split may have been adjusted or cancelled depending on broker policy — check your broker’s split procedure and post‑split order status.

For users of Bitget, verify that order statuses and holdings reflect the split and use Bitget’s support or account statements for any clarifications.

Tax and accounting considerations

A stock split itself is generally a non‑taxable event in many jurisdictions because it does not change the economic interest of shareholders—only the number and per‑share cost basis change. However, there are some practical notes:

Cost basis: when a split occurs, investors should adjust the per‑share cost basis by dividing the pre‑split cost basis by the split ratio (e.g., 10 for a 10‑for‑1 split), and multiply the share count accordingly for accurate gain/loss reporting on future dispositions.
Taxable cash for fractional shares: if your broker paid cash for fractional entitlements, that cash payment may have tax consequences (capital proceeds) and should be recorded.
Jurisdictional rules vary: always consult a tax professional for advice tailored to your country’s tax code and your personal circumstances.

This section aligns with the neutral, factual approach to whether did nvidia stock split in 2024 had tax consequences — the split itself is normally non‑taxable but associated transactions (fractional cash‑outs) can have consequences.

Criticism and analysis

Critiques of stock splits often make the following points:

Cosmetic change: a split does not change company fundamentals, cash flows, or ownership percentages; therefore the corporate action is sometimes viewed as cosmetic.
Potential for short‑term volatility: splits can prompt increased retail interest and repositioning by traders, sometimes creating short‑term volatility.
Options complexity: splits require careful adjustments in the derivatives market, which can add complexity for active options traders.

Supporters argue splits increase share accessibility and can expand the investor base. Coverage around May–June 2024 included both perspectives when assessing the NVIDIA split and weighing whether did nvidia stock split in 2024 meaningfully changed investor access.

Practical checklist for NVDA shareholders (post‑split)

Confirm updated share counts in your brokerage or custody account (distribution date and trading start dates given above).
Verify cost‑basis adjustments in portfolio tracking tools.
Check options positions for adjusted contract terms and strike prices.
Look for any fractional‑share cash payments and record them for tax purposes.
If you trade on Bitget, ensure your order books and holdings show post‑split balances and seek support if discrepancies appear.

References and reporting notes

NVIDIA press release and investor FAQ (announcement date: May 22, 2024). As of May 22, 2024, NVIDIA reported the board’s approval of a 10‑for‑1 forward stock split and related dividend information. (Source: NVIDIA investor materials reported May 22, 2024.)
NVIDIA SEC filing reporting quarterly results and corporate actions (Q1 Fiscal 2025 press release and filing; reported May 22, 2024). The SEC filing recorded the board’s action and included technical details used for legal and ledger adjustments. (Source: SEC filing reported May 22, 2024.)
Major market coverage summarized the announcement on May 22, 2024, and reported trading and market reaction when shares traded on a split‑adjusted basis on June 10, 2024. For example, leading financial outlets covered the 10‑for‑1 split and post‑split trading activity (reported May–June 2024).
Broker help pages explained account treatment and fractional share handling for the 10‑for‑1 split (example broker help pages published in May–June 2024).
Historical market data sources provide prior NVIDIA split dates and ratios for historical context (archived company records and market data services).

(Reporting dates above are included to ensure timeliness; readers should consult the cited company materials and official filings for authoritative legal details.)

Final notes and next steps

To restate the core answer succinctly: did nvidia stock split in 2024? Yes — NVIDIA executed a 10‑for‑1 forward stock split announced May 22, 2024, distributed after close on June 7, 2024, and trading adjusted on June 10, 2024. The split increased the number of outstanding shares tenfold while leaving ownership percentages and aggregate market capitalization unchanged at the moment of distribution.

If you hold NVDA and use Bitget services, confirm your updated holdings and cost basis in your account. For custody and on‑device storage, consider Bitget Wallet to manage keys and backups. For active traders, review options contract adjustments and broker notices closely.

Explore more on Bitget to manage equities and corporate actions alongside crypto assets safely and efficiently. If you want a step‑by‑step walkthrough to verify your NVDA post‑split holdings on Bitget, use account support or consult Bitget Wallet documentation.

Sources

NVIDIA press release and investor FAQ — reported May 22, 2024.
NVIDIA SEC filing (Q1 Fiscal 2025 press release and filing) — reported May 22, 2024.
Major market coverage summarizing the 10‑for‑1 announcement and June trading activity — reported May–June 2024.
Broker help pages explaining split mechanics and fractional share handling — May–June 2024.

This article is factual and informational only. It does not constitute financial or tax advice. For tax guidance, consult a licensed tax professional in your jurisdiction.

The content above has been sourced from the internet and generated using AI. For high-quality content, please visit Bitget Academy.