From Nasdaq: 2024-06-12 05:22:00

Nvidia stock price has surged over the past year, reaching over $1,200, making it inaccessible to smaller investors. In response, Nvidia executed a 10-for-1 stock split, reducing the price per share to around $120. The company’s financial results, with data center revenue surging 427% year-over-year, showcase strong growth potential. Wall Street analysts see this stock split attracting a broader investor base, as Nvidia continues to dominate the AI data center GPU industry. Cloud providers like Amazon and Microsoft are major customers, with a $1 trillion opportunity in data center infrastructure growth expected in the next five years. Despite Nvidia’s high P/E ratio compared to the Nasdaq-100 index, the company’s future earnings outlook makes the stock appear more attractive for long-term investors. The Motley Fool’s Stock Advisor team did not include Nvidia among their top picks, citing other stocks with potential for strong returns.



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