Is Nvidia Stock Still a Buy After Its 10-for-1 Stock Split?
Nvidia (NASDAQ: NVDA) has been the heart and soul of the U.S. stock market for nearly a decade, with the artificial intelligence (AI) gold rush propelling the graphics processing unit (GPU) specialist to a staggering 27,500% gain over this period. However, Nvidia's meteoric rise has recently fueled skepticism from bears, drawing parallels to the dot-com bubble of 1995 to 2000.
Speaking to this point, Morningstar strategist Brian Colello believes Nvidia's stock is fairly valued at $105 per share after its 10-for-1 stock split went into effect on June 10. Nonetheless, the GPU-titan's shares have already jumped to $136 a little over a week post-split, putting it in overvalued territory, according to Colello.
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Source Fool.com
Morningstar Inc. Stock
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