Nvidia seeks approval to double authorized shares to 8 bln.
$NVIDIA(NVDA.US$ Chipmaker Nvidia Corp said on Friday it would seek shareholders' approval to increase the number of authorized shares of common stock to 8 billion from 4 billion.
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Milamber : What does this mean?
Positive or negative outlook?
Mike Hunt : The word normally used for this is a stock split because you end up with twice as many shares at half the SP roughly. Market Cap stays the same.
Milamber Mike Hunt: Seems not exciting. When it happens in telsa for stock split, it jumped. This one keeps slumping.
Markio1315 : it's not splitting, just increase the authorised paid up capital. means giving room for board to issue more shares.
股勇者 : stock split or share dilution? advise pls
BrandonnWOP Milamber: For Nvidia itself, the increase in common authorized shares will have a positive impact.
BrandonnWOP Mike Hunt: This should be different from a stock split.
BrandonnWOP Milamber: Yes, the broader market trend is down.
BrandonnWOP Markio1315: I agree with your point of view
BrandonnWOP Markio1315: It's not a stock split, maybe it has something to do with dilution, but it's not the concept of dilution.