Last week, Nvidia (NVDA) announced a highly anticipated stock split. That announcement, coupled with yet another stellar earnings report, helped trigger a rally in NVDA stock that topped $1,000 per share. In this article, we’ll explore which “Magnificent 7” stock could split its shares next after Nvidia.
To begin with, it's important to know that tech companies tend to mimic each other in terms of corporate actions. For instance, both Tesla (TSLA) and Apple (AAPL) split their shares in August 2020, while Amazon (AMZN) and Alphabet (GOOG) both completed stock splits in similar ratios, and in quick succession, in 2022. Notably, during the dot-com boom days of the 1990s, tech companies went overboard with their stock splits amid the stellar rallies.
