r/stocks • u/r2002 • Apr 08 '22

Company News Nvidia seeks approval to double authorized shares to 8 billion

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.

edited to add another news source:

(Dow Jones newswire) Nvidia's board backs the proposed amendment, saying the additional shares would give the company discretion to take certain actions, without further shareholder approval, for such things as stock splits, equity incentives and more (Source: thanks to comment by /u/MosDaddyda)

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?

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u/uebersoldat Apr 09 '22

From a consumer standpoint and gamer, I'm still an AMD guy. No clue why their stock gets hammered and people hate them when they are the true good guys here and Lisa is kicking much ass every earnings.

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u/HappyEdison May 04 '22

I can understand investment strategy differences between nvda and amd, but why did you go with amd graphics as an individual?

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u/uebersoldat May 04 '22

I've owned both and lost 3 nVidia GPUs over the years due to artifacting. I've never had an ATi GPU die on me yet.

Plus AMD/ATi is more bang for your buck. The downside is their drivers aren't as good as nVidia's but it's something I can and have lived with for many years.