Is Nvidia Going to $5 Trillion After Its 10-for-1 Stock Split?
Nvidia (NASDAQ: NVDA) stock has sustained its stunning rally in 2024 as shares of the chipmaker have already surged an eye-popping 144% so far this year. And the good part is that the company has given investors multiple reasons to be bullish in recent days.
The company announced terrific fiscal 2025 first-quarter results that put to rest any doubts about Nvidia's dominance in the artificial intelligence (AI) chip market. Additionally, it unveiled a new chip architecture that will be launched in 2026, a move that could help ensure that it maintains its technology lead over rivals.
Also, Nvidia management's announcement of a 10-for-1 forward stock split seems to have given the stock another big boost, sending the company's market capitalization to almost $3 trillion as of this writing. Nvidia briefly became the world's second-most valuable company after , overtaking Apple in the charts before falling back to third position.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 106 Buy predictions and 1 Sell predictions.
With a target price of 420 € there is a slightly positive potential of 6.65% for Microsoft Corp. compared to the current price of 393.8 €.
