Nvidia announces 10 for 1 stock split, dividend boost of 150%
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- Опубліковано 20 вер 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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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 $200,000 or less.. any advice?
If you need advice on short-term investments, consider speaking with a financial advisor. They have a lot more knowledge and expertise in this area.
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Nvidia was a 10X opportunity and this guy blew it. Now he talks about looking for another 10x company. He will miss it again.
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CEO of NVDA sold 75% of his stock. Started paperwork in May put in play in July! Scary!
Missed this leap but got some Sears, Radio Shack, & K-Mart so I’m good
so they raised their dividend, is this for looks or will they start to grow their dividend yearly ?
Could you please tell me what this stock spilt means ?
How it is working?
existing stock owners will get 10 newly priced stocks per 1 stock owned, future buyers will by the stock at the split price, which will be the current price divided by 10, essentially the stock is getting duplicated 10x so the price goes down and it's more attainable for retail/individual investors. It will most likely be a very positive thing for the stock as there is so much hype around the name right now and AI, this will allow more people to afford entry.
Lets say you have 100$ banknot but it is hard to spend this banknot directly, instead you turn 100$ into 20 5$. This way you can spend your money easier. With a drawback of spending takes longer process
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 own Google n Nvidia. Bought more today after I heard about the split
"Nvidia's getting pulled into the the market", so funny. It should be Nvidia pulling everyone into the market.
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