2 Stock-Split Artificial Intelligence (AI) Stocks to Buy Hand Over First in September
During a stock split, a company multiples its shares outstanding to lower its stock price without changing its market capitalization -- the value of all its shares combined. Companies often do this to make their stock more attractive and affordable for smaller investors. And it is often taken as a bullish sign, even though it doesn't influence fundamentals.
Let's discuss why two recently split stocks, Nvidia (NASDAQ: NVDA) and Amazon (NASDAQ: AMZN), could be poised for continued long-term growth as they pivot to artificial intelligence (AI) technology.
Since its IPO at $12 in 1999, Nvidia has frequently experienced periods of exponential growth -- leading its management to split the stock a whopping five times to keep prices reasonable. The most recent stock split occurred in July 2021, and gave shareholders four shares for one. With the AI industry supercharging growth, investors aren't too late to bet on the company's continued success.
Source Fool.com
