In our indicative theme of Stocks Poised For A Split, we’ve identified a group of over ten companies from the S&P 500 with a strong track record of revenue growth, with their stocks also trading at high prices, potentially making them candidates for a stock split. Now it's looking quite likely that we will see more high-profile stock splits this year, considering that the S&P 500 is up a solid 80% from the lows of March 2020, with many large-cap stocks trading around their all-time highs. The stock is expected to trade on a split-adjusted basis from July 20. Nvidia (NVDA) stock rallied by almost 10% over the last week, after the company announced its first stock split in almost two decades. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images The average analyst price target is $685.43, which implies 14.3% upside potential to current levels.BRAZIL - 3: In this photo illustration the Nvidia Corporation logo seen displayed on a.

Nvidia’s shares have gained 72% over the past year, while the stock still scores a Strong Buy consensus rating based on 24 Buys and 2 Holds.

We see several structural tailwinds driving sustained outsized top-line growth: gaming, data center/ AI accelerators, and autonomous vehicles.”

Through its Mellanox acquisition, NVDA expanded its DC footprint from AI-accelerators to providing highspeed networking interconnects. Today, its parallel processing capabilities, supported by thousands of computing cores are essential for deep learning AI algorithms in data centers.

The GPU was initially used to create graphics for video games and film. Schafer said, “Nvidia has transformed from a graphics company to becoming a premier leading AI computing platform company. In its most recent Q4 earnings report, the company reported full-year 2021 revenue and earnings of $16.68 billion and $10 per share, up 53% and 73% year-over-year respectively.Īnticipating a robust performance in the upcoming Q1 report, Oppenheimer analyst Rick Schafer maintained a Buy rating on the stock with a price target of $700, which implies 16.7% upside potential to current levels.

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