'A side-effect of Nvidia's stock split will be to put it in the running to follow Amazon and Apple into the Dow, potentially pushing out fellow chip stock...
- Nvidia 's 10-for-1 stock split aimed at luring retail investors has taken effect, sparking speculation over chances of the artificial intelligence bellwether's inclusion in the blue-chip Dow index.
The stock dipped 0.5% in premarket trading on Monday, after climbing nearly 27% since the company announced the share split and a strong forecast last month. The dominant AI chip maker had also clinched $3 trillion in market value and surpassed Apple to become the second-most valuable firm in the world, trailing only Microsoft.Market analysts said stock splits tend to attract individual investors that trade in smaller lots and have lesser capital to deploy than institutional investors.
Over the last several years, trading volumes have briefly increased following stock split announcements but evidenced little change during and after the splits took effect, according to Goldman's analysis of 45 Russell 1000 stock splits since 2019. Further weakness as Algonquin Power & Utilities drops 4.7% this week, taking three-year losses to 50% -- Prime Minister Justin Trudeau’s government will call for a vote this week on a planned hike in the capital-gains tax inclusion rate, a measure that would raise billions in additional government revenue and has attracted the ire of Canada’s business community.
Stock Splits Stock Split Dow Index Artificial Intelligence Amazon
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.
Nvidia’s split of soaring stock could boost retail investor appeal, Dow chancesMarket thinks the lowered per-share value of the stock woos individual investors
Read more »
Analysis-Nvidia's split of soaring stock could boost retail investor appeal, Dow chancesNvidia's plan to split its stock after the stunning rise in the chipmaker's share price could lure more interest from retail investors while potentially...
Read more »
Stock market today: Dow slides 600 points as worries about rates overshadow Nvidia's blowout profitNEW YORK (AP) — Most U.S. stocks slumped after strong economic reports raised the possibility of interest rates staying painfully high.
Read more »
Stocks close lower, Dow falls by 600 despite Nvidia earningsStocks (^DJI, ^IXIC, ^GSPC) have reversed at Thursday's market close, initially riding high off of Nvidia's (NVDA) fiscal first-quarter earnings reported on ...
Read more »
Nvidia, Microsoft and Apple Are Bigger Than China’s Stock MarketMicrosoft Corp., Nvidia Corp. and Apple Inc. are now worth more combined than China’s stock market.
Read more »
Nvidia stock crosses $3 trillion market cap, overtakes Apple as second-largest co. in US marketNvidia stock rises to another record high as the AI trade continues to dominate markets.
Read more »