After Nvidia's Stock Split and 150% First-Half Gain, Will It Soar in the Second Half? Here's What History Says.
What prompted Nvidia to implement a stock split?
Nvidia implemented a 10-for-1 stock split to make stock ownership more accessible to employees and investors. The split aimed to lower the share price, making it easier for a broader range of investors to buy a particular stock and potentially preparing for a whole new era of growth.
How much did Nvidia shares increase in the first half?
Nvidia shares soared more than 150% in the first half, following a 1,300% increase in the previous five years2. The company's dominance in the AI chip market and strong revenue growth have contributed to this significant rise in stock value.
How has Nvidia's revenue trended in recent quarters?
Nvidia's revenue has shown significant growth in recent quarters, with the company reporting record revenue in Q2 2024 of $13.51 billion, up 101% from the previous year and up 88% from the previous quarter. This growth was driven by strong demand for accelerated computing and generative AI across various industries.