Nvidia's Price Just Keeps Growing -- Is It Headed for a Stock Split?
Nvidia (NASDAQ: NVDA) stock looks unstoppable. Amid the company's dominance in artificial intelligence (AI)-ready chips and the insatiable demand for the technology, its stock has risen by close to 300% over the last 12 months.
With the stock approaching $1,000 per share, investors may wonder whether a stock split is imminent. Despite the fact that such a move will not directly influence Nvidia's valuation, investors should expect one soon. Here's why.
The history of Nvidia stock is arguably the most compelling reason for expecting a near-term split. The company has split its stock five times since 2000, one of which has occurred since AI and data centers renewed investor interest in GPUs.
Source Fool.com
