Nvidia's stock price continues to hit new highs, but how long will this continue?
After a sustained period of strong performance and growth, Nvidia announced a 10-for-1 stock split. Companies that institute stock splits tend to outperform their peers over the following year.
Nvidia's stock price is soaring, leaving many feeling like they missed their buying chance.
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Five years ago, Nvidia was struggling with macroeconomic headwinds. Dismal results forced investors to climb a wall of worry.
Shares will soon trade for a lower price following its big split. History suggests the stock will keep climbing.
NVIDIA still carries a Zacks Rank of #1 (Strong Buy), with no fewer than 10 earnings estimate upgrades having been made in the last 30 days alone.
If you want to participate in the upcoming share split of tech giant Nvidia (NASDAQ: NVDA ), you've got to act quickly. Those who hold NVDA stock at the end of today's session will receive nine additional shares of the security following the end of tomorrow's session, per USA Today.
UPDATE—June 6, 2024: This article has been updated to reflect more recent share price values and include additional information.
Nvidia CEO Jensen Huang was treated like a rock star at this week's Computex trade show in Taiwan. The celebrated chief executive announced an accelerated product development cycle.
Rivian Automotive has redesigned its all-electric R1 pickup and SUV models to improve range, performance and computing power using Nvidia chips. Rivian said it has changed more than half the hardware components for the second-generation products ahead of anticipated R2 models.
Nvidia (NASDAQ: NVDA ) stock is in the news Thursday as the Department of Justice (DOJ) is preparing to launch a probe into the company over its artificial intelligence ( AI ) activities. This comes as the Biden Administration is planning investigations into three of the biggest companies in the AI sector.