ASML may be next to do a stock split following Nvidia's successful 10-for-1 split

From Nasdaq: 2024-06-08 07:05:00

Stock splits are making a comeback with big companies like Nvidia splitting its shares in a 10-for-1 stock split effective June 7. Nvidia shares have risen 20% following the announcement, joining Walmart and Chipotle as stock-split winners this year. ASML, a semiconductor equipment manufacturer, may be the next to do a stock split with its high share price near $1,000.

ASML has seen significant price appreciation and high profit margins due to its leadership in lithography systems for semiconductor production. With revenue expected to accelerate in the second half of 2024 and into 2025, ASML remains a strong buy despite no indication of a stock split. Demand for advanced chips and ASML’s equipment is on the rise.

Investing in ASML now could pay off in the long run, as the company’s next growth cycle is expected to arrive later this year and into 2025. The Motley Fool’s Stock Advisor service offers insights into the best stocks to invest in now, with ASML not currently on the list. However, history shows the potential for high returns from the right investments.

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Read more at Nasdaq: After Nvidia’s Stock Split, Could This Chip Stock Be Next?