Nvidia Stock Split Looks to Be First of Many in Tech, BofA Says
- Broadcom and Netflix among stocks with high price tags
- Stocks that split tend to perform well after, per BofA data
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Nvidia Corp. delighted investors when it announced a 10-for-1 stock split earlier this week. The move may be the start of a trend, as several prominent tech companies trade at prices high enough to tip the scales toward similar splits, according to a note from Bank of America.
The bank highlights 36 S&P 500 companies with stock prices above $500, a level suggesting they may be candidates for splits. Two members of the Magnificent Seven — Microsoft Corp. and Meta Platforms Inc. — approach that threshold.