Nvidia Looks Primed for a Stock Split Post $1 Trillion Rally
- Shares have blown past level where Nvidia last split stock
- A stock split could help entice retail traders to buy shares
An Nvidia graphic processing unit.
Photographer: Joel Saget/AFP/Getty Images
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Nvidia Corp.’s scorching rally has added more than $1 trillion in value this year alone, sending it well above the level where it last split its shares. Some see the AI giant well placed to do so again.
The company last announced a four-for-one stock split in May 2021, when it was trading at about $600 per share. Today, the stock is nearing the $1,000 level, extending last year’s 240% surge. While bulls argue that its valuation based on future earnings growth is relatively cheap, some potential investors may balk at the price.