Reported 6 months ago
NVIDIA is set to implement a 1-for-10 stock split after hours on June 7, aiming to attract more retail investors with the price per share dropping to around $120. Despite recent bearish activities surpassing Apple and Tesla, analysts are optimistic about NVIDIA's stock price post-split. Fueled by the AI boom, NVIDIA's market value exceeded $3 trillion, ranking second globally, trailing Microsoft. However, concerns over high share prices deter some retail investors from joining the AI investment frenzy, but the post-split price is expected to be more appealing. Analysts forecast continued growth in NVIDIA's stock price post-split due to strong performance and high demand for AI chips.
Source: YAHOO