Skip to content

Nvidia stock set to go to $100; Here’s why

Nvidia stock set to go to $100; Here's why

The best performing magnificent 7 company, the semiconductor giant Nvidia (NASDAQ: NVDA) impressed yet again with its latest earnings report, published after the closing bell on Wednesday, May 22.

The report helped send the already expensive shares rocketing another 9% within 24 hours and broke a week of stagnation. This most recent stock market action helped Nvidia stock price today to stand at $1052.02.

NVDA stock 5-day price chart. Source: Finbold

The valuation of NVDA shares is, however, set to change dramatically by June 7, with them, following the date, set to be worth approximately $100 each. 

The dramatic drop in price of each individual share, however, will not be a result of some semiconductor calamity but will rather stem from the blue-chip chipmaker’s decision to make a 10-for-1 stock split.

The split will leave the total valuation of the company intact – and, likewise, the value of each investor’s holding – but will increase the total number of NVDA shares tenfold from approximately 2.5 million to about 25 million.

This will be the company’s sixth split on record as Nvidia concluded 2-1s in years 2000, 2001, and 2006, a 3-for-2 in 2007, and, finally, a 4-for-1 in 2021.

While such moves were historically significant as they made it easier for investors to gain exposure to previously prohibitively expensive stocks, the impact is largely psychological in 2024, given that most brokers now offer fractional ownership.

Nonetheless, the stock split is likely only to boost the already very strong NVDA stock.

NVDA stock price chart

The news of the stock split – effective June 7 – comes at the heels of more than 18 months of exceptionally strong performance for Nvidia. Indeed, the company’s shares have been on a nearly unbroken rise ever since the ongoing artificial intelligence (AI) boom started in late 2022 with the initial release of ChatGPT.

Since then, the stock is up approximately 650%, while in the last 52 weeks, it surged 176.40%. Additionally, NVDA is as much as 118.37% in the green in the year-to-day (YTD) chart.

NVDA stock YTD price chart. Source: Finbold

Finally, the more recent performance has also been strong given that, despite the relative stagnation in the last full week of trading, Nvidia is up 31.68% in the last months, and 9.11% in the last 5 days.

Buy stocks now with eToro – trusted and advanced investment platform

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Read Next:

Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Sign Up

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

Already have an account? Sign In

Services

IMPORTANT NOTICE

Finbold is a news and information website. This Site may contain sponsored content, advertisements, and third-party materials, for which Finbold expressly disclaims any liability.

RISK WARNING: Cryptocurrencies are high-risk investments and you should not expect to be protected if something goes wrong. Don’t invest unless you’re prepared to lose all the money you invest. (Click here to learn more about cryptocurrency risks.)

By accessing this Site, you acknowledge that you understand these risks and that Finbold bears no responsibility for any losses, damages, or consequences resulting from your use of the Site or reliance on its content. Click here to learn more.