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Nvidia extends rally after the company announces a four-for-one stock split

May 24, 2021

Nvidia stock extended its gains to as much as 7% on Monday after the company announced a four-for-one stock split last Friday.

Management said the split will help “make stock ownership more accessible to investors and employees,” according to a press release.

The split will increase the number of authorized shares of common stock to 4 billion if it’s approved at a shareholder meeting on June 3.

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