Nvidia (NASDAQ: NVDA) last split its stock in 2021, a 4-for-1 split to reduce its $600 share price to around $150. Now, due to the company's success in the past few years, management has decided it needs another one.

During its last earnings release, Nvidia announced a 10-for-1 stock split that will occur on June 10, reducing its $1,000 stock price to $100 per share.

Many people (including myself) saw this split coming. It will affect some investors who don't have access to fractional shares. In the past, stock-split announcements caused massive run-ups in the weeks leading up to the split. Last time, Nvidia increased by 20% between the split announcement and the effective date.

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Source Fool.com