Reported about 2 months ago
Nvidia's stock has increased by 30% since the announcement of a 10-for-1 stock split in May, and it has seen an overall rise of 800% since the launch of ChatGPT in November 2022. Historically, stocks that split often decline in the long term, with Nvidia's past data showing an average drop of 23% in the year following splits. With significant revenue growth anticipated in its upcoming earnings report, investors are faced with a precarious decision: buy now or wait for potential price drops after the earnings announcement.
Source: YAHOO