NVIDIA's Strategic Stock Split Makes Investing More Affordable After A 213% Surge, Eyeing A $10 Billion AI Revenue Boom
Portfolio Pulse from Zaheer Anwari
NVIDIA announced a 10-for-1 stock split, reducing its stock price to approximately $120 per share, making it more accessible to investors. The company has seen a 213% surge in stock price over the past year and is now valued at $3 trillion. NVIDIA is expected to benefit from up to $10 billion in AI investments by 2024.
June 10, 2024 | 1:07 pm
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NVIDIA's 10-for-1 stock split will reduce its stock price to approximately $120 per share, making it more accessible to a broader range of investors. The company has seen a 213% surge in stock price over the past year and is now valued at $3 trillion. NVIDIA is expected to benefit from up to $10 billion in AI investments by 2024.
The stock split makes NVIDIA shares more accessible, likely increasing market activity and investor interest. The company's strong performance and expected AI revenue boost further support a positive short-term impact on the stock price.
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