Nvidia Stock Split? Experts See The Soaring Stock Prompting Another Split, Making It More Accessible
Portfolio Pulse from Anusuya Lahiri
Nvidia Corp (NASDAQ:NVDA) has seen its market value increase by over $1 trillion this year, with its stock price nearing $1,000 after a 240% gain last year. Experts suggest another stock split could be on the horizon to make shares more accessible to small retail investors. Despite no immediate plans for a split, Nvidia's significant role in AI and its expected revenue growth in the Data Center sector highlight its strong market position. NVDA shares recently traded lower by 1.43% at $910.68.
March 08, 2024 | 4:44 pm
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POSITIVE IMPACT
Global X Robotics & Artificial Intelligence ETF (BOTZ) offers exposure to Nvidia, potentially benefiting from Nvidia's growth in AI and market value increase.
As BOTZ provides exposure to Nvidia, the ETF could see positive movement in line with Nvidia's growth, especially given Nvidia's significant role in the AI sector and potential stock split.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Nvidia's potential stock split and its significant AI-driven market growth could make NVDA shares more appealing to retail investors, despite a recent 1.43% drop in price.
The anticipation of a stock split, combined with Nvidia's strong position in the AI market and expected revenue growth, suggests a positive short-term impact on NVDA's stock price. The recent price drop could present a buying opportunity ahead of potential growth.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Tidal ETF Trust II The Meet Kevin Pricing Power ETF (PP) may also benefit from Nvidia's market performance and AI-driven growth.
Given PP's exposure to Nvidia, the ETF could benefit from Nvidia's strong market presence and growth in the AI sector, despite no direct mention of its specific relation to Nvidia's AI initiatives.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 60