This Stock-Split Stock Is Set to Join Microsoft in the $3 Trillion Club
The world's most valuable company, (NASDAQ: MSFT), has a market capitalization of $3.2 trillion, and it's the only member of the "$3 trillion club" right now. Apple was a club member last year, but then a decline in stock price pulled its market cap down to $2.9 trillion. So this club is so exclusive, it only has one member.
But that exclusivity may not last as another company is rocketing up the valuation ranks.
Nvidia (NASDAQ: NVDA) was worth just $360 billion at the start of 2023. Since then, its stock has soared 720% to elevate its market cap to $2.6 trillion. Nvidia designs the data center chips powering the recent artificial intelligence (AI) revolution, and demand is skyrocketing. Nvidia stock now trades at over $1,060 per share, which makes it somewhat inaccessible for retail investors with less available cash to invest. To aid accessibility, the company will initiate a 10-for-1 stock split after the market closes on Friday, June 7, increasing shares in circulation tenfold, while reducing the price per share to around $106.
Source Fool.com
Microsoft Corp. Stock
With 112 Buy predictions and 3 Sell predictions Microsoft Corp. is one of the favorites of our community.
As a result the target price of 424 € shows a slightly positive potential of 12.68% compared to the current price of 376.3 € for Microsoft Corp..
