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History might not be the best guide in predicting how Nvidia stock will perform after its 10-for-1 stock split.
The stock split might be a nice bonus for investors, but the real reason to buy Nvidia stock is its dominance in generative AI hardware, and its growth potential as the AI market continues to develop.
Image source: Getty Images. Details about Nvidia's stock split. First, a few details about the stock split.Nvidia issued the new shares to current holders after the close of trading on June 7.
Image source: Getty Images. 1. Nvidia stock isn't cheaper than it was before. Nvidia stock, at the split-adjusted price, now is trading for about $120 a share compared with more than $1,200 last week.
The chipmaker has generated unprecedented growth in recent years. A stock split will make the shares much more affordable for the average investor.
For example, a 10-1 stock split of Nvidia trading at $1,020 per share would bring the price down to $102 per share. What is a stock split and how does it impact investors? A stock split occurs ...
Image source: Getty Images. Trading at a lower price. First, as mentioned, a stock split lowers the price of each share. But this sort of operation doesn't change the overall market value of the ...
Also, Nvidia management's announcement of a 10-for-1 forward stock split seems to have given the stock another big boost, sending the company's market capitalization to almost $3 trillion as of ...