Nvidia Nears Apple in Market Value, Speculation Grows Over Stock Split
As Nvidia's valuation approaches $2.38 trillion, experts ponder a stock split to enhance accessibility, following its AI-driven rally.
- Nvidia's market capitalization nears $2.38 trillion, closely trailing Apple and Microsoft, fueled by its dominance in the AI chip market.
- Investors and analysts speculate on a potential Nvidia stock split to make shares more accessible, especially after its significant value increase.
- Nvidia's AI chips, crucial for technologies like ChatGPT, have driven its shares up 95% this year, outperforming other tech giants.
- Despite the surge, some analysts see signs that Nvidia's stock may be nearing a peak, with target prices suggesting a potential plateau.
- Nvidia's potential stock split follows a history of making stock ownership more accessible, with its last split in May 2021 when shares were around $600.