Nvidia Stock Poised to Split as AI Growth Powers 100% Surge
• Nvidia (NVDA) stock surged over 100% in 2023 due to explosive growth in artificial intelligence (AI) and could split its shares in 2024 to make them more affordable.
• Nvidia has a history of stock splits when shares get too expensive, usually over $700/share. At $500 currently, a split seems likely.
• Stock splits make shares cheaper by dividing them into more pieces, but have no direct effect on a company's value.
• Nvidia is the top AI chip maker and revenue grew 200% last quarter. Long-term growth is estimated at 42% annually.
• Despite huge gains, Nvidia stock still looks attractively valued for long-term investors if strong growth continues as expected.