Reported 6 months ago
Nvidia (NASDAQ: NVDA) has experienced significant growth due to its role in the AI revolution, leading to a stock price above $1,100. With a 10-for-1 stock split effective after the market closes today, each share will result in nine additional shares, making stock ownership more accessible. While a stock split does not change the business fundamentals, it typically excites investors and may lead to outperformance post-split. Nvidia's robust performance and expected future growth in generative AI indicate a promising outlook despite its premium valuation.
Source: YAHOO