Move Over, Nvidia and Broadcom: Wall Street's Next Stock-Split Stock -- a 120,000% Gainer Since Its IPO -- Is Ready to Take Center Stage
Broadcom(AVGO) The Motley Fool·2024-08-26 08:06
This longtime outperformer is set to conduct its sixth stock split since going public.Although artificial intelligence (AI) has been the talk of Wall Street since 2023 began, the return of stock-split euphoria has given AI a run for its money in 2024.A stock split is a mechanism publicly traded companies can lean on to cosmetically alter their share price and outstanding share count. Its superficial in the sense that adjusting share price and share count by the same magnitude has no impact on market cap or ...