financetom
Business
financetom
/
Business
/
Nvidia Stock Split? Experts See The Soaring Stock Prompting Another Split, Making It More Accessible
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Nvidia Stock Split? Experts See The Soaring Stock Prompting Another Split, Making It More Accessible
Mar 8, 2024 8:56 AM

Nvidia Corp’s remarkable surge has escalated its market value by over $1 trillion this year, propelling the AI leader to consider another stock split. 

Following a four-for-one split in May 2021, when shares were around $600, Nvidia’s price is now approaching $1,000, building on last year’s 240% gain. 

Experts believe a split could make shares more accessible, especially to small retail investors deterred by the high share price, Bloomberg reports. 

Ken Mahoney of Mahoney Asset Management anticipates a potential split within the next year to attract these investors. 

Without indicating immediate plans for a split, Nvidia ( NVDA ) has seen its shares skyrocket past previous levels after a significant drop in 2022. 

While fundamentally cosmetic, stock splits tend to attract retail investors by offering shares at a psychologically more appealing price point, even though the company’s overall valuation remains unchanged. 

Despite no confirmation from Nvidia ( NVDA ) on an impending split, its ongoing rally and popularity among retail traders highlight its robust market presence. 

Analysts hail Nvidia ( NVDA ) as the most significant AI beneficiary courtesy of Nvidia’s AI ramp through 2024 and 2025 with GH200, B100, and B200, with 2024 at ~$89 billion in Data Center revenues with potentially more upside and potentially reaching ~$280 billion in AI Data Center revenue by 2027.

The stock maintains the broadest ownership among fund managers, as per analysts.

Analysts can gain exposure to the stock via Global X Robotics & Artificial Intelligence ETF and Tidal ETF Trust II The Meet Kevin Pricing Power ETF .

Price Actions: NVDA shares traded lower by 1.43% at $910.68 on the last check Friday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved