Key Points
-
Nvidia and Broadcom executed 10-for-1 stock splits in June and July 2024, respectively, reducing share prices from about $1,200 to $120 and from $1,700 to $170.
-
Nvidia’s stock has gained over 40% post-split, while Broadcom’s shares have risen more than 65%, driven by high demand for their AI products.
-
Nvidia reached a $4 trillion market cap, becoming the first company to achieve this milestone.
Nvidia completed its 10-for-1 stock split on June 7, 2024, bringing the share price down significantly. Since then, Nvidia’s stock has delivered a gain of over 40%, primarily due to strong demand for its AI chips and a successful product launch, generating $11 billion in revenue in the first quarter of commercialization.
Broadcom executed its stock split on July 12, 2024, and shares began trading at the new price on July 15. Broadcom’s stock has risen over 65% post-split, fueled by a 77% surge in AI revenue to $4.1 billion in the most recent quarter. Both companies have benefitted from the growing market for AI technologies, positioning them well for future growth.
