Reported about 1 year ago
Nvidia's stock has surged after announcing a 10-for-1 split, with shares climbing about 20% in less than two weeks. Investors are reacting positively as stock splits are viewed as positive signals of growth, making shares more accessible. The company's upcoming split has also sparked speculation that Nvidia could replace Intel in the Dow Jones Industrial Average, given Intel's long-term underperformance in the semiconductor industry and Nvidia's substantial market cap. While joining the Dow may not significantly impact Nvidia's stock price, it would signify a significant milestone for the tech giant.
Source: YAHOO