Yes, I'm as bullish as ever on NVIDIA's long-term potential, but the most recent stock price surge (up 30% in the last month alone) has me scratching my head. With AI and all of its many use cases only just beginning to reshape the business and personal computing landscape, this is a top semiconductor stock to own for the decade ahead.īut let me offer some counterpoints. Sales of the company's GPUs (graphics processing units) are booming for high-end video gaming and for data centers, riding a massive upgrade cycle and global shortage of chips in the wake of pandemic lockdowns last year. The announced split will require stockholder approval at the company's annual meeting in June.NVIDIA ( NVDA -1.49%) shares are now up 240% since the start of 2020. Santa Clara, California-based Nvidia said stock holders of record on July 21 would receive dividend of three additional shares after the close of trading on July 19, with the stock trading on a split-adjusted basis beginning July 20. However, as brokerages increasingly allow customers to buy parts of shares, the benefit of share splits appears to have diluted over time.Īpple (AAPL.O) split its stock 4-for-1, while electric carmaker Tesla (TSLA.O) split its stock 5-for-1 last year, with both companies saying they aimed to make their shares more affordable to individual investors. Stock splits can potentially attract retail investors who make small trades. The company's stock, which was last up at over $600 in premarket trading, has gained nearly 12% this year after its value more than doubled in 2020.
May 21 (Reuters) - Nvidia Corp (NVDA.O) on Friday announced a four-for-one stock split as it looks to make its stock less expensive for investors, sending the chipmaker's shares up 3%.
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