Nvidia (NVDA) is joining its mega-cap tech peers, becoming the fourth Magnificent 7 stock to split since 2022.
The chip giant’s 10-for-1 stock split, which will start trading on Monday, follows significant price growth, with shares up 212% in the past year. That massive rally pushed Nvidia into the $3 trillion club, becoming just the third U.S. company ever to reach that milestone.
“A stock split is a vote of confidence from management that the stock will hold its value, as the stock [price] typically increases,” S&P Dow Jones Indices senior analyst Howard Silverblatt said.
Winthrop Capital chief investment officer Adam Coons expects the split to boost retail investor interest, but cautions that an influx of retail traders could trigger volatility for the stock.
“They can be a little bit more quick and emotional with their buying and selling decisions, so that can lead to…
