Apple

when

According to Reuters, speculation has been swirling about whether NVIDIA, a leader in artificial intelligence, could be added to the Dow after its 10-to-1 stock split, which was intended to attract retail investors.
A company’s market value remains unchanged when its number of outstanding shares is increased through a split. The company may be displaced from its current position as the index’s least weighted company, Intel Corporation (NASDAQ:INTC), according to experts, as it follows Amazon.com Inc (NASDAQ:AMZN) and Apple Inc (NASDAQ:AAPL) into the Dow Jones Industrial Average.
Following a 27% gain since last month’s announcement of a split and strong outlook, Nvidia shares fell 0.2% on Monday. Last week, Nvidia surpassed Apple to become the second-largest firm in the world, according to market value, surpassing even Microsoft Corporation (NASDAQ:MSFT).
Such price spikes following a split are similar to the “hangover effect,” so analysts predict that investor buying activity will wane this week. According to them, institutional investors have more capital to trade with, and smaller lots and more trading volume, so stock splits entice individual investors.

Shares of Nvidia might join the Dow after the split.

Blocksays

Other articles published on Jun 11, 2024

Investors Analyze Popular Altcoins’ Market Movements

Optimism's OP Stack Now Officially Entered Stage 1

ECB’s Lagarde Discusses Digital Euro Launch Before Her Term Ends in 2027

Analyst projects steeper Ethereum dips if futures market trend does not improve

TrustSwap Reveals A New Partnership; Will It Impact SWAP Price

Legendary Bitcoin Trader Predicts 2,754% Bull Run For This Crypto AI Token Within 28 Days

Join our free newsletter for daily crypto updates!