Should You Buy Nvidia 3 Months After Its Stock Split? Here's What History Says.
NVDANvidia(NVDA) The Motley Fool·2024-09-13 15:10

A look at Nvidia's past stock splits offers us clues.Nvidia (NVDA 1.92%) stock has roared higher over the past five years, even soaring past 1,000earlyin2024.Thisoccurredasthecompanybuiltitsdominanceintheartificialintelligence(AI)chipmarket,generatingtriple−digitrevenueandprofitgrowth,quarterafterquarter.Astockpricearoundorpastthe1,000 early in 2024. This occurred as the company built its dominance in the artificial intelligence (AI) chip market, generating triple-digit revenue and profit growth, quarter after quarter.A stock price around or past the 1,000 mark isn't always accessible for every investor. Recognizing this, Nividia launched a stock split in early June.Stock splits lower the per ...