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The company just completed a 10-for-1 stock split, and that's why as of the opening of today's trading session, you can get in on Nvidia stock with a little more than $100 instead of more than $1,000.
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.
The moment many investors were waiting for is finally here: Nvidia (NASDAQ: NVDA) is set to split its stock on June 7. This comes after the stock soared more than 3,000% in five years, surging ...
In fact, Nvidia just completed its most recent stock split in June after the shares soared past $900 earlier in the year -- and then surged past $1,000 after Nvidia's announcement of the split.
The chipmaker has generated unprecedented growth in recent years. A stock split will make the shares much more affordable for the average investor.
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.
History might not be the best guide in predicting how Nvidia stock will perform after its 10-for-1 stock split.
History shows us that in 2 of the 3 previous Nvidia stock splits, after the first three months post-split, the stock went on to climb in the double digits over the next two months. But in the case ...