Major Stock Split You’ll Want to Follow July 12
Don’t overlook stock splits….ever.
While nothing fundamentally changes with a stock following a split, its new, cheaper price tag makes it even more attractive to more investors.
We saw it recently with the 10:1 Nvidia stock split, with NVDA now trading at $123.54. Prior to the split, NVDA was well above $1,200.
We saw it happen with Chipotle (CMG), which just split 50:1 from its $3,280 price tag to its current price of $62.65 – where it’s far more attractive to more investors.
And we’re about to see it happen again with Broadcom (SYM: AVGO).
Currently trading at $1,605.53, it’ll split 10:1 on July 12. Post-split, it’ll also be far more attractively priced for more investors. Better, AVGO may not stay low post-split for long. With the artificial intelligence boom, strong earnings and guidance, AVGO could easily rocket higher moving forward. Helping, the company just posted revenue of $12.5 billion, up 43% year over year. EPS of $10.96 was up 6% year over year as well.
Even better, management said AI-related product revenue surged to $3.1 billion, and now accounts for about 25% of AVGO’s total revenue. They also raised company revenue guidance to $5.1 billion, which is about 42% year over year growth. All thanks to AI growth.
Again, while splits won’t change anything fundamental, it will make stocks like AVGO, NVDA and CMG far more attractive at lower prices.
Related Reading: Nvidia could be first $10 trillion company
Nvidia recently became just the third $3 trillion company in terms of market cap.
It has joined Apple and Microsoft …
And blazed by tech giants Meta, Amazon and Google in recent months.
In fact, Nvidia recently added $277 billion in market cap …
That one-day gain is greater than the entire market cap of Coca-Cola …
McDonald’s …
Disney …
American Express …
And Shell.
Companies that have been around for decades and experienced lifetimes of success.
It was Wall Street’s largest one-day gain in history.
But here’s the thing …
We think Nvidia is just getting started.
While everyone is busy patting it on the back for record earnings and dominance in the chip sector …
Nvidia has already moved on to the next phase of AI it plans to conquer.
Many of those tech giants – Amazon, Meta, Microsoft and Google – are all in on this new AI frontier.
And they all need Nvidia to make it work.
They’re Nvidia’s largest customers …
Nvidia is now the face of artificial intelligence.
And as the AI chip giant continues to skyrocket …
Something has been happening in the background.
Nvidia’s been quietly pivoting to another, potentially lucrative business.
Thanks in part to this massive Superproject …
Some analysts are already projecting Nvidia to soar to $10 trillion by 2030 … maybe earlier.
That is amazing for the future …
But it’s what’s happening behind the scenes that should be very exciting for investors right now.
Because I believe there are three companies that Nvidia needs to lean on to help get the job done.
And they have the chance to become superstars in this next wave of the AI boom.
Find out more details on these three critical Nvidia partners immediately.
