“2 Stock-Split AI Stocks to Buy Before They Soar 70% and 230%, According to Certain Wall Street Analysts”
July 8, 2024
“Semiconductor company Nvidia (NASDAQ: NVDA) completed a 10-for-1 stock split in June, and fellow chipmaker Broadcom (NASDAQ: AVGO) has a 10-for-1 stock split planned for July. Savvy investors have gravitated toward both stocks. A company’s share price tends to increase about twice as fast as the S&P 500 (SNPINDEX: ^GSPC) during the year following a stock split announcement…”
https://finance.yahoo.com/news/2-stock-split-ai-stocks-084400291.html
In my opinion Nvidia is overvalued at the moment. Also even if it wasn’t its being used as leverage by hedge-funds against GME and AMC. That’s a bad look for the stock. These firms will eventually be force to sell their shares of Nvidia once they are margin called in my opinion.