Wall Street weighs in on Nvidia's 10-for-1 stock split and what it could mean for shares.
Nvidia's upcoming stock split could propel the chipmaker higher over the short-run and boost already enthusiastic investor sentiment, according to Wall Street. "Given the degree to which retail investors pay attention to NVDA , we believe the split actually has an opportunity to make an impact," wrote Loop Capital's Ananda Baruah.
mountain Shares this year The chipmaking behemoth announced a 10-for-1 stock split after the bell Wednesday, alongside quarterly earnings that surpassed Wall Street's expectations and robust guidance that showed ongoing AI momentum. The split takes effect after the market close on June 7. Nvidia's results prompted many Wall Street firms to boost their price targets on the stock as demand continues.
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