Nvidia announces 10 for 1 stock split, dividend boost of 150%
ฝัง
- เผยแพร่เมื่อ 21 พ.ค. 2024
- Nvidia (NVDA) shares are rising in extended-hours trading after the chip giant topped first quarter earnings estimates and announced a 10-for-1 stock split. Public Ventures President and Chief Market Strategist Lou Basenese joins Asking for a Trend to break down the earnings and analyze how long the company can keep up the momentum.
Despite beating Wall Street's expectations, Basenese highlights that the magnitude of Nvidia's beat is the smallest it has ever been, at about 8%. He warns, "Expectations at some point are going to get too far ahead of what Nvidia can deliver, but it's not yet."
"I think it's the leading candidate to be the next $3 trillion market cap company, but if I had a dollar to put to work today and I want to 10x it, it's not Nvidia. It's probably in the smaller cap side of the market," he adds, saying that of the "Magnificent Seven," Alphabet (GOOG, GOOGL) is the most "reasonably valued."
Basenese calls Nvidia's stock split a "brilliant move psychologically," as buying a stock at a lower price is more enticing. He adds that it does not change any of Nvidia's fundamental metrics or value calculations.
For investors looking to get in on the AI sector, Basenese highlights Microsoft's (MSFT) ability to push AI products onto the market to create demand. He also points to Apple (AAPL) as "the sleeper AI play."
"Apple is kind of perceived as they missed the boat ... they're never first or second to market. They come in later, but then they go. They come in late, but they end up being the leader." He adds, "They have two billion active devices in use. If they just iterate and add a little AI somewhere, it has a magnified impact."
#youtube #nvidia #tech
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I agree that NVDA is seen as the "Stock of the year." I'm interested in identifying potential stocks that could emulate META's growth over the next decade. With $250k allocated for investment, my goal is to retire comfortably.
AI, in my opinion, will be the next big thing. Refraining from making snap decisions based on transient fluctuations is essential for long-term growth similar to META. Put patience and a long-term view first, and if you want to make well-informed purchasing and selling decisions, consult a financial advisor.
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Great news for Investors. I already own shares of PALANTIR, TSLA, NVDA and APPL and , I don't mind having these equities sit around for a while, but I'd also like to appreciate short-term opportunities that could fetch $200,000 or less.. any advice?
If you need advice on short-term investments, consider speaking with a financial advisor. They have a lot more knowledge and expertise in this area.
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I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "MICHELE KATHERINE SINGH" I've worked with her for 9 years and highly recommend her. Check if she meets your criteria.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
Nvidia was a 10X opportunity and this guy blew it. Now he talks about looking for another 10x company. He will miss it again.
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The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
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"Party on, Garth!". That's a Wayne's world reference from the 90s. I'm old!
so they raised their dividend, is this for looks or will they start to grow their dividend yearly ?
Could you please tell me what this stock spilt means ?
How it is working?
existing stock owners will get 10 newly priced stocks per 1 stock owned, future buyers will by the stock at the split price, which will be the current price divided by 10, essentially the stock is getting duplicated 10x so the price goes down and it's more attainable for retail/individual investors. It will most likely be a very positive thing for the stock as there is so much hype around the name right now and AI, this will allow more people to afford entry.
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Did they mention the revenue number for China? I couldn’t find that anywhere
Does it matter? The world doesn't need China now.
Not important
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I came across some statements from big investors expressing concerns that the stock market rally could be short-lived. My concern is my $600K stock portfolio is still recovering from a dip of almost 40%, how do I navigate these complex situations?
Diversification and a thorough understanding of the market dynamics are crucial, especially during periods of uncertainty. Keeping an eye on both the positive and cautionary signals can help investors
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I own Google n Nvidia. Bought more today after I heard about the split
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"Nvidia's getting pulled into the the market", so funny. It should be Nvidia pulling everyone into the market.
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As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
This guy doesn’t know what he’s talking about. Lots of hot air talk about Apple coming out of no where with AI
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