Nvidia Just Announced a Stock Split. History Says This Is What Happens Next.
Nvidia (NASDAQ: NVDA) was already the hottest stock on the market, but investor interest in the AI chip leader is reaching a fever pitch ahead of its 10-for-1 stock split, which is set to take effect after the markets close June 7. The first post-split trading day will then be June 10.
Nvidia already delivered blockbuster returns for investors who bought the stock early in the generative AI cycle. Since the start of 2023, it has jumped nearly 700%, and some investors believe the stock split could fuel even more gains.
Is there evidence that stock splits are positive triggers for share prices? Let's see what history has to say about that -- but first, let's review the basics of a stock split.
Source Fool.com
