2024-07-30 04:15:00 ET
Nvidia (NASDAQ: NVDA) has wowed investors with its triple-digit earnings gains and solid stock performance in recent times. This is thanks to the company's dominance in one of today's most-talked about technologies: artificial intelligence (AI). Nvidia holds 80% of the AI chip market, and considering the company's focus on innovation, this leadership is likely to last.
Still, stocks don't climb non-stop forever, and Nvidia has shown us that in recent weeks. The company completed a stock split -- a move to lower a high-flying stock price to levels more appealing to investors -- on June 7, and the stock opened at its new price of about $120 as of June 10. That was down from the pre-split price of more than $1,000. But after rising as high as about $135, the stock has slipped 16% -- and today is trading below its post-split opening price.
Should you buy Nvidia while it's trading for less than $120? Let's find out.
For further details see:
Should You Buy Nvidia Stock While It's Less Than $120?