Stock splits are common among public companies whose shares have significantly appreciated. While the split does not change the company’s valuation, it could make the stock psychologically more accessible to smaller, retail investors by reducing the share price even at a time when many retail-facing trading platforms offer fractional shares. Most recently, chipmaker juggernaut Nvidia (NVDA) saw a 10:1 stock split last month after reaching a four-digit share price, tripling in a year fueled by the artificial intelligence-driven (AI) equities rally.
Related posts
-
injected $100m in more than 60 projects with AI and Bitcoin focus
OKX Ventures’ annual report for 2024 revealed the firm made a total of $100 million in... -
Ethereum Price Setting For a Big Move – Breakout Or Downturn?
Este artículo también está disponible en español. Ethereum has faced challenges in regaining its bullish momentum,... -
Ukraine promises sanctions over Russia’s use of Bitcoin in foreign trade: report
Ukraine is gearing up to block Russia’s use of Bitcoin and other cryptocurrencies in foreign trade,...