Nvidia's 10-for-1 stock split confirms 'big tech is going bite-sized' to lure retail investors, BofA says

Nvidia's stock surged 9% after impressive earnings, announcing a 10-for-1 split aimed at making shares more accessible to retail investors. This follows a trend among big tech companies like Google, Amazon, and Tesla, making stock ownership more feasible for non-professional investors. Bank of America remains optimistic about Nvidia, raising their price target and highlighting historical gains following stock splits, although they caution that past performance is not always indicative of future results.

Nvidia announced a 10-for-1 stock split, which means that for each share of Nvidia stock an investor owns, they will receive nine additional shares. The purpose of the stock split is to make stock ownership more accessible to employees and investors. The split will result in a greater number of lower-priced shares, potentially increasing demand among retail investors.