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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 ...
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.
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.
Moreover, as shares continued to eclipse new heights, Nvidia's management finally decided to implement a 10-for-1 stock split last month. An AI chip on a circuit board. Image source: Getty Images.
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 ...
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.
This comes on the heels of the company's 10-for-1 stock split earlier this month. Investors saw the number of their shares multiplied by 10, while the share price became a tenth of where it was ...
History might not be the best guide in predicting how Nvidia stock will perform after its 10-for-1 stock split.