Should You Buy Nvidia Before the June 7 Stock Split?
Nvidia (NASDAQ: NVDA) dominates the artificial intelligence (AI) chip market, and this has helped earnings to climb in the triple digits in recent years. AI may be the hottest investment theme right now, and this could continue. After all, analysts say the AI market could be worth more than $1 trillion by the end of the decade. So it's no surprise that Nvidia shares have skyrocketed, advancing 600% over the past three years.
This momentum helped push Nvidia shares to nearly $1,000 in recent times. And they actually surpassed that level after the company announced another blowout quarter, along with a move many investors had been hoping for: a stock split.
This will significantly lower the price of each Nvidia share. The big question is: Should you buy Nvidia stock before the June 7 stock split or wait until you can get shares at the lower price?
Source Fool.com
