Posted 3/8/2024, 2:47:40 PM
Nvidia Stock Soars, Prompting Speculation of Another Split to Attract More Investors
- Nvidia's stock has rallied over $1 trillion in value this year, sending it above the level where it last split its shares in 2021
- Some expect Nvidia to split its stock again in the next year to make ownership more accessible to small investors
- Stock splits make shares more affordable but don't change company fundamentals or valuation
- Retail investors tend to prefer buying stocks at lower nominal prices despite no change in actual value
- Nvidia hasn't indicated plans to split its stock soon, but continued growth could prompt a move to attract more investors