Nvidia's Stock Has Soared 30% Since It Announced Its 10-for-1 Stock Split. History Says This Will Happen Next.
The artificial intelligence (AI) craze has powered the stock market higher this year, and few companies have benefited from that more than Nvidia (NASDAQ: NVDA). In the months since ChatGPT launched in November 2022, eliciting a tidal wave of demand for AI-capable hardware, the chipmaker's share price has surged by 800%
Nvidia was the best-performing stock in the S&P 500 in 2023, and it could deliver a repeat performance in 2024. It is once again leading the S&P 500, and its gains year-to-date exceed those of second-place Vistra by 34 percentage points.
Nvidia announced a 10-for-1 stock split in May and completed it in June to "make stock ownership more accessible for employees and investors." But based on historical patterns, Nvidia shares could decline in the coming months.
Source Fool.com
