Nvidia and Broadcom Completed 10-for-1 Stock Splits. History Says the Artificial Intelligence (AI) Stocks Will Do This Next

UBS analysts estimate that artificial intelligence (AI) spending will approach $1.2 trillion annually by 2027. Semiconductor companies Nvidia (NASDAQ: NVDA) and Broadcom (NASDAQ: AVGO) have already benefited from that opportunity, and enthusiasm about their ability to monetize AI has driven both stocks higher.Since November 2022, shares of Nvidia and Broadcom have advanced 765% and 300%, respectively. That period coincides with the existence of ChatGPT, the generative AI application that sparked the spending boom forecasted by UBS.Both semiconductor companies recently completed a 10-for-1 stock split, the purpose of which was to make shares more affordable. Historically speaking, stock splits have been good news for shareholders. Here's why.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool