Broadcom Inc. AVGO is gearing up for its highly anticipated 10-for-1 stock split on July 12. Following in the footsteps of recent splits by Nvidia Corp NVDA and Chipotle Mexican Grill CMG, Broadcom aims to make its soaring stock more accessible to a broader range of investors.
Intel's new direction was the right decision for the longtime chipmaker. Micron -- a leader in memory and storage solutions -- is a key supplier to Nvidia.
With artificial intelligence (AI) front and center, it's no wonder that semiconductor giant Broadcom (NASDAQ: AVGO ) has been surging lately. The company specializes in integrated circuits (ICs) and other technologies critical for the advanced needs of AI applications.
Investors are clearly favoring companies conducting forward-stock splits. Nearly a dozen high-profile businesses have announced stock splits this year, including leading artificial intelligence (AI) companies Nvidia and Broadcom.
Broadcom is launching a split to lower the price of its high-flying shares. The stock has soared more than 500% over the past few years and now trades at about $1,700.
Nvidia completed a stock split in June, and Broadcom has a stock split slated for July, leaving MercadoLibre as the Nasdaq-100 stock most likely to split next. MercadoLibre operates the largest commerce and payments ecosystem in Latin America and is expected to be the world's fastest-growing advertising company in 2024.
Stock splits make shares more affordable to a broader group of investors.
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Broadcom recently announced a 10-for-1 stock split that will make its shares more available for retail investors. The company has a lower valuation than Nvidia and more diversification.
24/7 Insights Wall Street expectations for where Broadcom Inc.