#3 - Nvidia (NASDAQ:NVDA)
It would be difficult to have a list of companies that may be in line for a stock split and not include Nvidia Corporation (NASDAQ: NVDA). And Nvidia is not a stranger to stock splits. It has split its stock five times since going public in 1999 with the most recent split coming in 2021.
The company manufactures the semiconductor chips that are needed in everything from mobile phones to electric vehicles. Nvidia's graphic processor units (GPUs) are the industry standard for artificial intelligence (AI) applications. And at the company's recent developer's conference, it said it will launch a new GPU platform, Blackwell, that will be faster, more efficient and have more processing power than its current system.
NVDA stock is up 248% in the last 12 months and over 82% through March 19, 2024. More importantly, perhaps is that the stock is approaching the $1,000 price point. By itself, that doesn't mean the stock has a poor value; it could be a psychological barrier that affects trading volume.
That's currently not much of a concern. Trading volume for Nvidia is up 12.5% compared to its TTM volume and up 10.1% from its 5-year average.
About NVIDIA
NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.
Read More - Current Price
- $117.87
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 39 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $142.10 (20.6% Upside)
