It may be time to get in on Nvidia (NVDA), the company just announced that it will do a four for one stock split which caused NVDA shares to rally.
The decision is currently pending stockholder approval and will be discussed at the Annual Shareholder Meeting set on June 3, 2023.
The reason for this stock split declared by board of directors, in the form of a stock dividend, is to make stock ownership more accessible to investors and employees.
If approval is obtained, each NVIDIA stockholder of record at the close of business on June 21, 2023, will receive a dividend of three additional shares of common stock for every share held on the record date, to be distributed after the close of trading on July 19, 2023. Trading is expected to begin on a stock split-adjusted basis on July 20.
In addition there are a lot of other opportunities for NVDA stock holders. According to Barron’s, they see an opportunity in artificial intelligence (AI) brewing. “Its powerful software that helps optimize its chips, and its potential to make money on the entire data center stack, a KeyBanc analyst upgraded the chip giant’s stock to a Buy rating,” said Barron’s.
The company also has a $24 billion dollar advantage over Advanced Micro Devices (AMD), the company has spent billions on research and development and may have the upper hand. I see NVDA as a leader in chip manufacturing and processing equipment as millions of developers use Nvidia’s CUDA software.
