2 Stock-Split Stocks Soared 59% and 171% in the First Half of 2024. Could the Second Half Be Even Better?
Some companies create so much long-term value that their stock price soars into the thousands of dollars. That makes it hard for smaller investors to buy one full share, so those companies often execute a stock split, which increases the number of shares in circulation, and organically reduces the price per share by a proportional amount.
Artificial intelligence (AI) is creating a mind-boggling amount of value for a handful of companies this year. Nvidia (NASDAQ: NVDA) stock is up 171% in 2024 already, and Broadcom (NASDAQ: AVGO) stock is sitting on a 59% gain. In both cases, those returns have added to years of outstanding performance, which have led both companies to announce stock splits in the past month:
So, can Nvidia and Broadcom carry their incredible momentum into the second half of this year?
Source Fool.com
Broadcom Ltd. Stock
With 80 Buy predictions and not a single Sell prediction Broadcom Ltd. is an absolute favorite of our community.
With a target price of 248 € there is a slightly positive potential of 5.64% for Broadcom Ltd. compared to the current price of 234.75 €.
