NVDA - Another Artificial Intelligence (AI) Stock Split Is Coming. Could Broadcom Be the Next Nvidia?
2024-06-30 08:30:00 ET
If you believe its hype, artificial intelligence (AI) is one of the most profound advances in technology ever. This may be hyperbole -- time will tell -- but it's clear already that the technology has commercial power. Its impact in the market has been enormous, with its champion, Nvidia (NASDAQ: NVDA) , joining Apple and Microsoft as among the biggest companies in the world.
Nvidia's rise led to the company splitting its stock 10-for-1 , opening the door to more investors who were priced out. Now another company working in AI is splitting its stock, too. Broadcom (NASDAQ: AVGO) , which designs, manufactures, and sells hardware and network infrastructure that allows AI programs to run, will split its stock later this summer.
So let's consider: Could Broadcom deliver the sort of returns Nvidia has?
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Another Artificial Intelligence (AI) Stock Split Is Coming. Could Broadcom Be the Next Nvidia?