Investors were thrilled by Nvidia’s recent announcement of a 10-for-1 stock split, which came during their earnings report in late May. In the lead-up to the split, the stock saw a significant increase of almost 30%. Stock splits are popular among investors as they make high-priced stocks more accessible and demonstrate confidence in the company’s future prospects. This move indicates Nvidia’s belief in the potential for future growth.
Following Nvidia’s lead, Broadcom, another major player in artificial intelligence (AI), has also revealed plans for a 10-for-1 stock split. With Broadcom’s shares experiencing substantial gains and surpassing $1,000 in recent times, the split is scheduled for July 12. The question now is whether Broadcom’s stock will see a similar surge in value leading up to the split, mirroring Nvidia’s success. Let’s wait and see…
2024-06-16 04:43:00
Originally published on finance.yahoo.com