Nvidia (NASDAQ: NVDA) has seen its stock rise over 40% from its 52-week low in early April, approaching record highs. Concerns about a slowdown in artificial intelligence (AI) spending appear to have been exaggerated. Nvidia is expanding its platforms for customers within the AI ecosystem, prompting speculation about a potential stock split.
Nvidia’s data center sales reached over $39 billion in its fiscal first quarter, a significant increase from $4.3 billion two years ago. The company is also involved in major projects like the Stargate AI campus in the UAE and a new AI factory with Deutsche Telekom in Germany, aimed at boosting industrial AI infrastructure.
This continues a pattern of growth for Nvidia, suggesting that another stock split could be on the horizon, as past splits have often preceded market-beating returns. The last stock split occurred on June 7, 2024, and if a new split happens, it would be the company’s seventh since its public listing in 1999.
