In the two weeks following the announcement of its 10-for-1 stock split, Nvidia's stock price climbed nearly 30%. Investors tend to appreciate stock splits as they make high-flying stocks more accessible to a broader range of buyers and indicate the company's confidence in its future growth.
Broadcom is planning to implement its stock split on July 12th. Based on current values, the adjusted price per share post-split is expected to be around $173.
Broadcom's stock price increased by 12% in the trading session following the announcement of its stock split.