Stock-Split Watch: Is Nvidia Next?
Investors love stock splits for a couple of different reasons.
First, these operations make it easier for a wider range of investors to get in on a previously high-priced stock because they lower the per-share price. Second, the decision to split could be seen as a sign of confidence from a company -- it suggests the company is optimistic about the future and believes the shares can take off once again from the new, lower price. That's why investors always are on the lookout for the next stock split, and when it involves an already high-profile company, it could create a lot of excitement.
Now, let's consider one of the highest-profile companies today, and that's artificial intelligence (AI) chip giant Nvidia (NASDAQ: NVDA). This market giant isn't new to stock splits. In fact, Nvidia just completed its most recent stock split in June after the shares soared past $900 earlier in the year -- and then surged past $1,000 after Nvidia's announcement of the split.
Source Fool.com
