Nvidia: Short bets against stock top $34B

In recent years, there has been a trend among large-cap tech companies to conduct stock splits. Some notable examples include:

1. Amazon: In early June, Amazon deployed a massive 20-for-1 stock split5. The day of the split, it closed at a price of $124.79 and has since increased to around $144, a 15% rise.
2. DexCom: This medical device maker split its shares in June with a 4-for-1 split. Following the split, the stock has risen from $68 to around $91, an increase of 34%.
3. Shopify: Shopify split its shares on a 10-for-1 basis in late June. The stock has risen from just over $33 to more than $42, a gain of 27%.
4. Alphabet: Alphabet conducted a 20-for-1 split in July 2022.
5. Tesla: Tesla underwent a 3-for-1 stock split in August 2022.
6. Palo Alto Networks: This company split its stock on a 3-for-1 basis in September 2022.
7. Monster Beverage: Monster Beverage conducted a 2-for-1 split in March 2023.
8. Celsius Holdings: Celsius Holdings split its stock on a 3-for-1 basis in November 2023.

It's important to note that while stock splits don't directly add value for investors or make a stock a better buy, they can make shares more accessible to retail investors, particularly those without access to fractional share purchasing through their online brokerage.

According to Bank of America's Research Investment Committee, stocks have achieved total returns of 25% in the 12 months after announcing a stock split. In comparison, the S&P 500 rose around 12%, on average, during the same period. However, it is important to note that past performance may not be indicative of future results and each company's situation may differ.