Broadcom Will Execute Its 10-for-1 Stock Split on July 12. History Says the AI Semiconductor Stock Will Do This Next.
Broadcom (NASDAQ: AVGO) shares surged 106% during the past year as investors came to appreciate the role its custom silicon could play in powering artificial intelligence workloads.
The company will reset its share price with a 10-for-1 stock split on Friday, July 12, meaning shareholders of record will receive nine additional shares for each one they already own. The stock will begin trading on a split-adjusted basis on Monday, July 15.
Will Broadcom shares continuing soaring after the stock split? History says the answer is yes.
Source Fool.com