Companies conduct stock splits to allow investors to purchase their shares at a more affordable price. Tech giant and Magnificent 7 leader Nvidia is no exception, having split its stock several times in the more than 25 years it’s been a publicly traded company.

If demand for the AI processing leader’s shares continues to increase, pushing its stock price up further in the years to come, Nvidia may have to conduct more stock splits.  

Here’s a history of Nvidia’s stock splits, and a look at how high its share price would be today had it not multiplied its shares.

When did Nvidia conduct its first stock split?

Nvidia conducted its first stock split on June 27, 2000, at which point each existing share split into two, and the company’s per-share price halved accordingly. Existing stockholders saw their shares double in number, but the value of their holdings did not change.

That was more than a year after Nvidia conducted its IPO, on January 22, 1999, at $12 a share. Its stock was listed on the Nasdaq Stock Market shortly after. 

Related: How many employees does Nvidia have? From R&D to sales

How many times has Nvidia split its stock?

After Nvidia conducted its first stock split in 2000, five other splits followed — in 2001, 2006, 2007, 2021, and 2024—for a total of six splits in its corporate history as of the end of March 2026.

What happens when Nvidia conducts stock splits?

In a stock split, the number of shares outstanding increases, and the per-share stock price decreases accordingly, such that the company’s market value remains unchanged. In a 4-1 split, for instance, each existing share becomes four shares, each worth a quarter of the previous share pric.

After a split, existing shareholders own more shares, but the value of their stake remains unchanged, and their stake as a percentage of the company’s total equity remains as it was before the split.

Similarly, the underlying company’s market capitalization remains the same. 

Boosting the number of shares makes more of Nvidia’s stock available for trading. Reducing the stock price as a result of the stock split enables individual investors to buy Nvidia stock at a price lower than if Nvidia had not conducted a stock split.

For example, in its 2024 stock split, Nvidia was trading at around $1,200 a share. Following the 10-for-1 stock split, investors could own Nvidia at $120 a share. At the end of March 2026, Nvidia’s stock was trading at around $165.

Investors can also benefit from the stock split. For example, when Nvidia conducted its 10-for-1 stock split in June 2024, it reduced the quarterly dividend per share to 1 cent from 4 cents. For shareholders who held the stock prior to the stock split, their dividends actually increased because they were receiving the equivalent of 10 cents per share on a pre-split basis. For investors who bought Nvidia’s stock after that stock split, they were entitled only to 1 cent per share on a post-split basis.

NVIDIA also benefits from splitting its stock because it can use the higher share count to grant employees stock options and buy back stock at a lower price to boost earnings per share. 

More on Nvidia:

• Nvidia’s headquarters: An ode to space and 3D rendering
• History of Nvidia: Company timeline and facts
• Jensen Huang’s net worth: The Nvidia CEO’s wealth & income

Who approves Nvidia’s stock splits?

Nvidia’s senior management can propose a stock split, but its board of directors must approve the split before it can move forward. Next, a majority of shareholders must approve of the action.

Once approved to split its stock, Nvidia files an amendment to what’s known as the Restated Certificate of Incorporation, which results in a proportionate increase in the number of shares of its authorized common stock. 

Important dates for Nvidia’s stock splits

There are a number of important dates to keep in mind during the implementation of a stock split.

There is a specific date on which, at the close of market trading, Nvidia stockholders are considered shareholders of record for the upcoming stock split.

After that, the newly split shares are allocated after the close of a particular trading day — this is known as the effective split date.

On the following trading day, shares begin trading on a split-adjusted basis at the opening — this is known as the post-split date.

All of these days typically take place within a week.

What happens to fractional shares of Nvidia when it splits its stock?

According to Nvidia, investors who hold fractional shares should consult their brokerage firms ahead of any proposed stock splits. The company won’t issue any new fractional shares as a result of a stock split.

What would Nvidia’s stock price be in 2026 if it hadn’t conducted any stock splits?

Nvidia’s stock price — had it not split its stock six times — can be calculated by multiplying the current stock price by the number of shares it split each share into on a reverse basis:

Current Nvidia price x 10 x 4 x 3 x 2 x 2 x 2 = Nvidia stock price had the stock never been split

Based on the March 27, 2026, closing stock price of $167.52, Nvidia’s stock would be worth $160,819.20 had it never split its shares. At that price, the stock would be out of reach for most retail investors, unless they had access to fractional share trading.