1 Stock-Split Artificial Intelligence (AI) Stock Up 1,080% in 4 Years to Buy Now, According to Wall Street
Nvidia (NASDAQ: NVDA) shares advanced 1,080% during the last four years, meaning $10,000 invested in the semiconductor company in May 2020 would now be worth $118,000. To put those numbers in context, the S&P 500 (SNPINDEX: ^GSPC) returned 91% during the same period, such that $10,000 invested four years ago would now be worth $19,100.
Nvidia brought its share price down with a 4-for-1 stock split in July 2021, and the company now has a 10-for-1 stock split planned for next month. After the market closes on Friday, June 7, shareholders will receive nine new shares of Nvidia stock for every share owned at the previous close. To be clear, the split will have no direct impact on the value of the company, but it will make shares more affordable.
Despite Nvidia's phenomenal run, 90% of Wall Street analysts that follow the company still rate the stock a buy, and the other 10% rate the stock a hold. Not a single analyst recommends selling. Nvidia bears a median price target of $1,200 per share, implying about 13% upside from its current price of $1,064 per share.
Source Fool.com
