From Yahoo Finance.: 2024-05-28 07:15:00

Nvidia (NASDAQ: NVDA) has announced a 10-for-1 stock split on June 10, lowering its $1,000 stock price to $100 per share. The split is due to the company’s continued success in data center revenue growth from AI demand.

Investors have three good reasons to consider buying Nvidia stock before the split. The company’s data center division saw a 427% revenue increase year over year, with revenue growing 23% quarter over quarter. Second-quarter revenue is expected to reach $28 billion, indicating strong growth.

Despite its success, Nvidia traded at a cheaper valuation compared to Microsoft and has been growing rapidly. The company is focused on transforming the industry with AI computing and a new type of data center. Additionally, Nvidia recently announced a 150% dividend increase with potential for more growth in the future.



Read more at Yahoo Finance.: 3 Brilliant Reasons to Buy Nvidia Stock Before Its Stock Split