NVIDIA plans 10-for-1 stock split to make shares more accessible, analysts remain bullish.

From Nasdaq: 2024-06-05 10:00:00

NVIDIA has been consistently hitting record highs and is set for a 10-for-1 stock split to make shares more accessible to a wider range of investors. This move is expected to increase liquidity and attract small traders as well. ETFs with high NVIDIA allocations like SHOC and WUGI are expected to benefit.

A stock split is on the horizon for NVIDIA, which will see the company increase the number of shares to reduce individual share prices. This move does not affect the company’s overall valuation but makes shares more affordable. Investors must be shareholders by the record date on June 6 to receive additional shares at the adjusted price on June 10.

NVIDIA is pushing further into AI with the unveiling of its next-gen AI chips named “Rubin” and plans for the Blackwell Ultra processor. With plans to release Rubin in 2026, the company is accelerating its pace in AI chip advancement. Analysts remain bullish on NVIDIA ahead of the stock split, raising price targets and predicting continued growth.

Amidst explosive growth prospects, Wall Street remains bullish on NVIDIA, with price targets rising post-earnings. Analysts expect the stock to surge further, and ETFs like SHOC and LRNZ with significant NVIDIA exposure are in focus. The company’s attractive valuations and growth potential have solidified its position as a leader in the AI chip market.



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