Posted 12/18/2023, 4:31:40 PM
AI Chipmakers Broadcom and Nvidia Poised for 2024 Stock Splits Amid Generative AI Growth
- 2023 has seen a surge in AI stocks due to generative AI and continued big tech stock splits
- Broadcom and Nvidia are two AI leaders that could split their stocks in 2024 due to high share prices and strong business momentum
- Broadcom sees its generative AI revenue doubling in 2023 to 25% of semiconductor revenue
- Nvidia's revenue and earnings are skyrocketing thanks to booming demand for its AI chips
- Nvidia stock is nearing the $500/share threshold it had when it previously split shares in 2021