Is Nvidia a Once-in-a-Generation Investment Opportunity After Its Stock Split?
Nvidia (NASDAQ: NVDA) recently made a big move that grabbed the investment community's attention. The technology giant completed a 10-for-1 stock split last week, which lowered the price of each individual Nvidia share to about $120 from more than $1,200. This opened up the stock to a broader range of potential investors.
This was a much-awaited operation ever since Nvidia stock soared beyond $900. When the company announced the split during its earnings report last month, this news, along with skyrocketing earnings, pushed the shares beyond $1,000.
Nvidia has soared thanks to its leadership in the artificial intelligence (AI) chip market. Customers have been rushing to get their hands on the company's AI products and services, and this has transformed the stock into one of the hottest on the market. Now that Nvidia is trading at a lower per-share price after the stock split, is it a once-in-a-generation investment opportunity?
Source Fool.com
