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Nvidia Soared Almost 30% Ahead of Its Stock Split. Can Broadcom Do the Same?
AVGOBroadcom(AVGO) The Motley Fool·2024-06-16 09:43

Both stocks have climbed in the triple digits over the past few years.Investors cheered when Nvidia (NVDA 1.75%) announced a 10-for-1 stock split during its earnings report in late May. And in the two weeks that followed -- the time leading up to the operation -- the shares climbed nearly 30%. Investors like stock splits because they bring the prices of high-flying stocks down, opening them up to a broader range of buyers, and they show the particular company is confident about its future -- the idea is the ...