Meet the Newest Stock-Split Stock in the Dow Jones. It Has Soared 910% Since Early Last Year, and It's Still a Buy Right Now, According to Wall Street

The Dow Jones Industrial Average is the oldest stock market index in the U.S. It is a price-weighted index that tracks the performance of 30 of the largest publicly traded companies in the country. Its member companies span a variety of sectors and industries, and it is considered by many to be a reliable indicator of stock market performance and the health of the overall economy. There are only a few broad criteria for a company's inclusion:Nvidia (NASDAQ: NVDA) is the most recent addition to the Dow Jones, joining the benchmark on Nov. 8 and replacing chipmaker Intel. That makes it one of only three companies to make the cut so far this year.Over the past decade, Nvidia's revenue has climbed 2,300%, while its net income has surged 8,460%. This, in turn, has fueled stock price gains of 28,940% (as of this writing). As a result of its meteoric rise, the artificial intelligence (AI) chipmaker recently completed a 10-for-1 forward stock split after years of strong business and financial results. The new, lower share price paved the way for Nvidia's inclusion in the Dow.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool