As we predicted months ago, NVIDIA (Nasdaq: NVDA) announced a stock split on May 22nd. The announcement was made alongside impressive earnings, and the company gained 9.3% the next day. NVIDIA is up 13.5% across the past five trading days.
With NVIDIA announcing a stock split, a question on investors’ minds is likely how other mega-cap tech companies have done after announcing their latest stock splits. Let’s analyze the recent performance of how Apple, Alphabet, and Amazon did after stock split announcements and then look at what catalysts could keep sending NVIDIA’s share price higher.
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