From Nasdaq:

Nvidia (NVDA) saw a triple-digit surge in 2023, hitting roughly $500 per share. Speculation is in the air over a possible stock split in 2024, but will it bring down the full share price? Some predictions suggest this could be a matter of when and not if.

Investors should be aware of what stock splits do and don’t do. Splits reduce the trading price of a stock, making it cheaper to buy. But a split doesn’t fundamentally affect a stock’s value. Nvidia’s business is a huge appeal for long-term investors.

Nvidia’s most recent quarter showed 200% revenue growth from the year-ago quarter, with long-term earnings predicted to grow 42% annually. Despite its massive run, the stock’s forward P/E of just 40 signals it’s a potential bargain. But competition will surely come and growth estimates aren’t a sure thing.

The Motley Fool Stock Advisor analyst team just identified the 10 best stocks for investors to buy now, and Nvidia wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Justin Pope has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia.



Read more: Investors Bought This Hyper-Growth Artificial Intelligence (AI) Stock Hand Over Fist in 2023. Will It Split Its Shares in 2024?