NVDA Stock Split
Nvidia announced during their earnings two weeks ago that they will have a stock split. The split is 10:1 and will occur on Monday.
Her'e’s what you should expect for it.
Stock Split Expectations
Nvidia’s split may operate differently than other splits. NVDA has made a massive move over the last few weeks, fueled by strong earnings.
The stock closed yesterday at $1210 after making a new all-time high.
Typically on the day of a stock split you see buyers come in after a stock split looking to take advantage of the lowered price. It makes traders who aren’t able to afford $1200 shares be able to get involved with the stock.
With that being said, NVDA has made a massive move and may need a rest. I wouldn’t be surprised If buyers did step in, but be cognizant that the stock has come a long way in a short amount of time.
I walk through the stock split and my thoughts on it in the video below. I also touch on GME and why it is acting the way it is.