Is Nvidia Old News? Meet the Newest Stock-Split AI Stock in the S&P 500. It Soared 470% Since Early 2023.

NVIDIA Corporation NVDA was the top performer on the S&P 500 in 2023 and continued its upward movement this year due to its sheer dominance in the artificial intelligence (AI) chip market. However, NVIDIA stock breezed past $1,

Where are Nvidia shares heading next? History shows us that in 2 of the 3 previous Nvidia stock splits, after the first three months post-split, the stock went on to climb in the double digits over the next two months. But in the case of the other split, the shares fell in the double digits during that period.

Here's what that could mean: Nvidia announced its latest stock split after the market closed on May 22, 2024. The stock traded at a split-adjusted $95 per share. History says its share price will increase 25.4% to $119 by May 2025. But the stock already trades at $119 per share, leaving zero implied upside (or downside) over the next eight months.

Key Takeaways The volatile month for shares of Nvidia continued Thursday, with the stock gaining more than 3% in early trading only to slide into negative territory in the afternoon.The shares had rallied to start the week and are back in the green for September after falling sharply early in the month.

Investors seized on August sell-off and US recession fears to buy up chip maker Nvidia, according to trading platform Selfwealth. ... Read More The post Buyers seized hot-stock Nvidia opportunity in volatile August: Selfwealth appeared first on Stockhead.