Is Nvidia Stock Split Coming? CEO Jensen Huang Tells Cramer 'We'll Think About It' As Shares Hover Around $890 Range
Portfolio Pulse from Shanthi Rexaline
Nvidia Corp. (NASDAQ:NVDA) is considering a stock split as its shares have surged, largely due to the AI revolution, making the stock price less accessible to average retail investors. CEO Jensen Huang, in an interview with CNBC's Jim Cramer, stated that while they are considering a stock split, no immediate announcement will be made. Nvidia's market capitalization stands at $2.235 trillion, making it the third most valuable company globally. The stock has seen over an 80% increase year-to-date, with a current price hovering around the $890 range. Nvidia has a history of stock splits, having done so five times in the past 25 years.
March 20, 2024 | 10:57 am
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Nvidia Corp. is contemplating a stock split as its share price has significantly increased, primarily driven by the AI revolution. The company's market cap is $2.235 trillion, and it has experienced a year-to-date increase of over 80%. Nvidia has a history of stock splits, suggesting a potential future split to make shares more accessible to retail investors.
The consideration of a stock split by Nvidia is significant due to its high share price, which could deter average retail investors. A split would likely make the stock more accessible, potentially increasing demand and investor base. Given Nvidia's strong market position and the AI-driven rally, a split could further fuel positive sentiment among investors. However, the CEO's non-committal stance introduces some uncertainty, hence the confidence score is not at the maximum.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100