Stock Splits Ahead? 3 AI Stocks Poised to Split After Nvidia
Artificial intelligence (AI) superstar stock Nvidia (NASDAQ: NVDA) announced a stock split on May 22 this year. Share prices have climbed 36% since then. The wild success could have some other AI companies on Wall Street contemplating following suit (even if the split isn't necessarily the sole reason behind the stock's performance).
Remember, a stock split doesn't change anything about the underlying business or the stock's fundamentals. It just divides the stock into more shares with proportionally lower prices and per-share financials. Companies split their stock for numerous reasons, including making shares easier to buy and sell for employees (who might get them as stock options in lieu of payment) and investors.
With Nvidia finalizing its stock split on June 10, the question that naturally follows is: Which AI companies might be next for a stock split? Three Fool.com contributors identified (NASDAQ: MSFT), Meta Platforms (NASDAQ: META), and Super Micro Computer (NASDAQ: SMCI) as those most likely AI stocks to split next.
Source Fool.com
Microsoft Corp. Stock
With 106 Buy predictions and 1 Sell predictions Microsoft Corp. is one of the favorites of our community.
As a result the target price of 420 € shows a slightly positive potential of 7.2% compared to the current price of 391.8 € for Microsoft Corp..
