Market thinks the lowered per-share value of the stock woos individual investors
) plan to split its stock after the stunning rise in the chipmaker’s share price could lure more interest from retail investors while potentially paving the way for the company’s inclusion in the Dow Jones Industrial Average.
For Nvidia, the third-largest U.S. company by market value, the stock split could spark more interest from individual or retail investors, analysts said. The chipmaker’s shares have already more than doubled so far in 2024. Nvidia’s lead in the AI boom already has made it the most popular stock among individual investors over the past year.
Still, while Nvidia’s split, effective June 7, “should appeal to retail investors ... the value of the business won’t have actually changed,” said Dan Coatsworth, investment analyst at AJ Bell.In an “FAQ” document about the stock split, Nvidia said: “Given the significant appreciation of the company’s share price in recent years, the stock split is intended to make stock ownership more accessible to employees and investors.
The split would reduce Nvidia’s price to about $104 as of Thursday’s price. That would make it the 21st-biggest stock in the Dow, just behind Merck and ahead of Walt Disney . Nvidia is the third-biggest stock in the market cap-weighted S&P 500. An S&P Dow Jones Indices spokeswoman said it does not comment or speculate on index additions or deletions.
Canada News Breaking News Video Canadian Breaking News Breaking News Globe And Mail Breaking News Globe And Mail Canada News Photos World News Local News National News Us News Foreign News Sports News Arts News Life News Lifestyle Canada Traffic Canada Weather Trudeau Government Federal Government Canada Sports Canada Sports News Politics Politics News Political News Political Opinion Environment Economy Technology Education Travel Canada Alberta Bc British Columbia Manitoba Ontario Quebec Nova Scotia Pei New Brunswick Newfoundland And Labrador Nunavut Northwest Territories Yukon Globe And Mail
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Nasdaq touches intraday record, Dow struggles to top 40,000 againInvestors are bracing for Fed minutes and Nvidia earnings in coming days that could test the recent rally in stocks.
Read more »
Stock market today: Nasdaq touches new record, Dow tries to top 40,000 againInvestors are bracing for Fed minutes and Nvidia earnings in coming days that could test the recent rally in stocks.
Read more »
Stock market today: US futures tilt higher after Dow closes above 40,000 for first timeInvestors are bracing for Fed minutes and Nvidia earnings in coming days that could test the recent rally in stocks.
Read more »
Stock market today: Dow finishes above 40,000 to cap Wall Street's latest winning weekThe Dow Jones Industrial Average finished a day above the 40,000 level for the first time on Friday as U.S. stock indexes drifted around their records while closing out their latest winning week.
Read more »
Stock market today: Wall Street drifts higher; Dow has its first close above 40,000The Dow Jones Industrial Average rose 0.3 per cent to close above 40,000 points for the first time on Friday.
Read more »
Stock market today: Dow closes above 40,000 for first time to cap winning week for stocksStocks trod water as investors assess the chances of the Dow succeeding in another bid to cross 40,000 for the first time.
Read more »