If you hold Nvidia (NASDAQ: NVDA ) stock today, get ready for your position to change. Anyone with a position in the artificial intelligence (AI) leader will be a part of the 10-for-1 Nvidia stock split, which begins today.
Nvidia (NVDA) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Tech darling Nvidia (NASDAQ: NVDA) announced on Sunday its newest artificial intelligence chip — just three months after unveiling the previous model.
Nvidia sports a lofty market cap, but the stock is still affordable relative to its potential. Still, investors shouldn't get too carried away; the superstar of AI is not without its risks.
While Nvidia's (NASDAQ: NVDA) rise since late 2022 has been well deserved considering the semiconductor giant's pivotal role in the ongoing artificial intelligence (AI) boom, it has also, arguably, been a highly disruptive force for the standard stock market logic.
Nvidia hit a $3 trillion valuation ahead of its stock split on Friday. But those aren't reasons to buy or hold the stock.
Returning to its AI throne, Nvidia stock leads this month's list of new buys by the best mutual funds, which also bet big on 12 other stocks.
Nvidia NASDAQ: NVDA has become synonymous with the artificial intelligence revolution. Nvidia's stock price has surged over recent months, propelled by a multitude of factors.
Stock splits have seen a resurgence in popularity recently, but still trail behind their peak during the dot-com boom. According to one study, stocks tend to outperform in the year after a stock split.
Nvidia's revenue has soared in the triple digits thanks to demand for its artificial intelligence (AI) chips. This has helped the stock to roar past $1,000.
Nvidia's (NASDAQ: NVDA ) stock popped following impressive earnings in May, as revenue and net income grew 262% and 628% respectively on a year-over-year basis. Amid strong demand for its AI chips, Nvidia's venture into cloud computing offers further growth prospects investors are clearly pricing in.
Stocks often beat the S&P 500 in the 12 months after the announcement of a stock split. Nvidia's performance track record after stock splits is mixed.