Reported 8 months ago
Broadcom, a business-to-business chip and software designer, recently announced its first stock split, with shares set to split on July 12. Despite the excitement resulting in a 12% rise in stock price, the split technically changes nothing for shareholders in terms of ownership and dividends. However, it could attract more small investors due to the lower nominal stock price. Additionally, with Broadcom focusing on AI-driven growth and tech innovations, the stock split may help increase liquidity and make shares more accessible for trading, ultimately benefiting shareholders.
Source: YAHOO