Analysis-Nvidia's split of soaring stock could boost retail investor appeal, Dow chances
)'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 paving the way for the company's inclusion in the
While many retail investors can buy shares on a fractional basis, reducing the need for a stock's price to be lower, not all such investors have that access, said Ben Laidler, global markets strategist at digital brokerage eToro. That made Nvidia's share price"an increasing obstacle," Laidler said. The stock was last trading at around $1,040.
The split would reduce Nvidia's price to about $104 as of Thursday's price. That would make it the 21st-biggest stock in the Dow, just behind Merck and ahead of WaltSimilar speculation about Dow inclusion followed Amazon's split in 2022. Amazon was added to the Dow earlier this year.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Dow slides 600 points as worries about rates overshadow Nvidia’s blowout profitMost U.S. stocks slumped Thursday after strong economic reports raised the possibility of interest rates staying painfully high. The weakness was widespread on Thursday and overshadowed another blo…
Read more »
CNBC Daily Open: Dow sinks 600 points, Nvidia soarsNvidia’s blockbuster earnings and forecast couldn’t stop Wall Street from taking a late dive.
Read more »
Dow Jones, Nasdaq, S&P 500 weekly preview: It's the Nvidia earnings weekDow Jones, Nasdaq, S&P 500 weekly preview: It's the Nvidia earnings week
Read more »
Dow Jones, Nasdaq, S&P 500 weekly preview: It's the Nvidia earnings weekDow Jones, Nasdaq, S&P 500 weekly preview: It's the Nvidia earnings week
Read more »
CNBC Daily Open: Dow's worst day in 2024, Nvidia shares popNvidia’s blockbuster earnings and forecast couldn’t stop Wall Street from taking a late dive.
Read more »
Market Sentiment Analysis and Outlook: S&P 500, Dow Jones 30, GoldThis article analyzes sentiment trends for the S&P 500, Dow Jones 30, and gold, exploring how retail investor positioning might offer market outlook insights from a contrarian viewpoint.
Read more »