some business press says a split is expected Archived Message
Posted by Potomac on March 8, 2024, 10:05:52, in reply to "My BIL is all over NVDA... has made a shit load on it."
Partly because it's well past where it split before. Here's a clip from a fresh story: Ken Mahoney, president and chief executive officer of Mahoney Asset Management, told Bloomberg News that they expect a stock split in the next year or so. "Probably in the next year or so, I expect the stock to split and that would be able to get some small retail investors into the stock where they think it’s out of reach right now," Mahoney said. NVIDIA last announced a four-for-one stock split in May 2021. Shares were around $600 at that time. Currently, the stock is nearing the $1,000 mark. When NVIDIA split the stock in 2021, the company said the reason was to "make stock ownership more accessible to investors and employees." Earlier this week, analysts at Mizuho raised their price target on NVIDIA to $1,000 calling it the "biggest near-term AI winner."
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