Nvidia Stock Split Update: Down 2% Since June, History Says the AI Stock Will Do This Next

For many investors, Nvidia (NASDAQ: NVDA) has emerged as the quintessential artificial intelligence (AI) stock. That's because the company's graphics processing units (GPUs) are the industry standard in accelerating complex data center tasks, such as training machine learning models and running AI applications.Nvidia shares have surged 780% since the generative AI application ChatGPT went viral in late 2022. That event triggered a tidal wave of AI infrastructure spending that is still building momentum, and Nvidia has been one of the biggest beneficiaries. In turn, the stock has become a staple of the AI trade.Nvidia reset its soaring share price in June by conducting a 10-for-1 stock split. Shares have since tumbled about 2%, but history says Nvidia stock may have further to fall.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool