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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.
Now entering the stock split zone. Nvidia is joining its megacap tech peers, becoming the fourth "Magnificent Seven" stock to split since 2022.The chip giant’s 10-for-1 stock split, which will ...
Here's what that could mean: Nvidia announced its latest stock split after the market closed on May 22, 2024. The stock traded at a split-adjusted $95 per share. History says its share price will ...
This brings new money into the market and can bump up the price, which did indeed happen. The stock is up about 12% since the split, giving Nvidia enough steam to take the No. 1 spot.
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 ...
The chipmaker has generated unprecedented growth in recent years. A stock split will make the shares much more affordable for the average investor.