Nvidia completes stock split, records high revenue, potential for future growth post-split

From Nasdaq: 2024-06-15 04:35:00

Nvidia recently completed a 10-for-1 stock split, reducing its stock price to about $120 from over $1,200. The company reported record revenue of $22.6 billion in the most recent quarter, driven by strong demand for its GPUs and AI platforms. Considerations to buy include flexibility with lower share price and upcoming revenue growth from new technologies like Blackwell architecture. Nvidia’s focus on innovation with annual GPU releases is a promising factor. However, previous stock splits have shown lackluster performance in the short term, which may lead some shareholders to consider selling and locking in profits. Ultimately, the long-term outlook for Nvidia remains positive, making it a potentially lucrative investment opportunity. The Motley Fool analyst team named Nvidia one of the 10 best stocks to buy, potentially offering substantial returns in the future. If you had invested $1,000 in a recommended stock at the time of their suggestion in 2005, you could have $794,196 now.



Read more at Nasdaq: 3 Reasons to Buy Nvidia After Its Stock Split and 1 Reason to Sell