Stock-Split Watch: Is Nvidia Next?
Most of the so-called Big Techs -- the largest publicly traded technology companies --- have split their common stock in recent years. In 2022, e-commerce titan Amazon and Google parent each had stock splits. Nvidia (NASDAQ: NVDA), the leading producer of artificial intelligence (AI) chips, split its stock in 2021, and iPhone maker Apple did so the year before.
The stock of one of these companies -- Nvidia -- has run up tremendously recently. It has soared largely due to powerful demand for the company's graphics processing units (GPUs) to accelerate the training of AI models and running of AI applications in data centers. Nvidia stock entered 2023 at $146.07 per share, and on April 19, 2024, it closed at $762.00. That's a hefty gain of 422% in 16 months.
Moreover, Nvidia's lofty stock price suggests the company could split its stock again soon.
Source Fool.com
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