In 2024, Nvidia's stock surged past $1,000, prompting a stock split, followed by a 4% decline due to competition and economic concerns.
Nvidia's stock surged past $1,000 in 2024, prompting a stock split in June to enhance accessibility for investors. Historically, Nvidia shares have risen post-split, but recent performance shows a 4% decline due to increased competition and economic concerns. Despite these challenges, Nvidia plans to launch its new Blackwell chip architecture and promises annual updates. Long-term prospects remain strong, but investors should be aware of potential short-term volatility.
September 13, 2024
103 Articles