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I doubt that a stock-split announcement will create nearly $700 billion in value. Fortunately, there are other reasons to buy the stock. Nvidia's growing business is driving the stock price higher.
Nvidia shares surged 9% to a record high above $1,000 on Thursday after another blowout earnings report, but the stock is about to get a lot cheaper as the AI chip leader announced a 10-for-1 ...
Loaded 0%. Walmart ( WMT) investors are gearing up for a stock split. For the 12th time in 50 years, Walmart will conduct a stock split in an effort to make shares more affordable for its ...
And it actually did reach $1,000 this week in the trading session following Nvidia's earnings report and announcement of a stock split. After the split, the chip designer's shares will be trading ...
As an example, Kiplinger cited Nvidia, which rallied 20% between its most recent stock split announcement in May 2021 and the actual split just two months later, in July.
In the past, stock-split announcements caused massive run-ups in the weeks leading up to the split. Last time, Nvidia increased by 20% between the split announcement and the effective date. If you ...
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