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
The stock is an absolute favorite of our community with 83 Buy predictions and no Sell predictions.
As a result the target price of 1750 € shows a slightly positive potential of 11.38% compared to the current price of 1571.2 € for Broadcom Ltd..
