Reuters:
(Reuters) – 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.
That's the entire article. I tried looking for additional info on this but can't find any. Some people on Twitter are speculating that this is some kind of bad news since it was leaked on a Friday afternoon.
It doesn't make sense to do a stock split or a dilution right now. What is happening here? How does it affect the stock?
Leave a Reply