Nvidia announces 10-for-1 stock split, with upcoming Blackwell architecture launch expected to boost performance.

From Nasdaq: 2024-06-29 06:10:00

Nvidia (NASDAQ: NVDA) announced a 10-for-1 stock split, bringing its share price down to around $120 to make it more accessible. The company’s upcoming launch of the Blackwell architecture, featuring innovative technology and high demand exceeding supply, could be a game changer in the AI chip market and contribute to revenue growth.

While stock splits don’t impact a company’s valuation, Nvidia’s upcoming Blackwell launch represents a significant move that could propel the stock price. The new architecture promises faster performance, lower energy consumption, and strong demand, positioning Nvidia ahead of competitors in the AI chip industry.

Despite making waves with its stock split, Nvidia’s Blackwell launch is expected to have a greater impact on the stock’s performance. The innovative technology, demand exceeding supply, and strategic launch plan make Nvidia a strong investment option, especially considering its impressive performance in the first half of the year.



Read more at Nasdaq: Prediction: This Move From Nvidia in the Second Half Will Be Much Bigger Than the Stock Split