(Indeed, analysts have Nvidia pegged for 43% growth this quarter, and 34% next quarter.) And semiconductor supply isn't expected to catch up to semiconductor demand before sometime in 2023 at the earliest. This will have shares of NVDA stock trading on a stock. NVIDIA Corporation announced a stock split that will go into effect on. Find out if NVDA stock is a buy and what you should know about the split. ET, the stock was trading 2.7 percent lower. In general, semiconductor companies are expected to keep on posting double-digit growth this year. If the stock split plan gets approval, the extra shares of NVDA will be distributed to shareholders when markets close on July 19, 2021. Nvidia stock started trading after a 4-for-1 split on July 20. Industry demand for semiconductors to power autonomous and electric vehicles, run artificial intelligence programs, and simply power PCs and gaming consoles remains robust. In a separate note today, covered by, analysts at Daiwa Securities Group note that the PHLX Semiconductor Sector index hit an 11-month low this week, and yet, "positive fundamentals have not changed" for the semiconductor industry. And investors wanting to cash in on short-term gains can ride the pre-split momentum to decent returns. The company’s share price is likely to continue rising in the lead-up to the July 19 stock split. Now whatĪnd yet, even if Deutsche's right, this seems to me more a problem with Nvidia investor confidence than with Nvidia's business itself. NVDA 4:1 Split Discussion Buy NVDA Stock Ahead Of The Stock Split With NVDA stock rallying, now is the time for investors to buy. But as earnings day approaches, the banker believes that semiconductor stocks are entering the "purgatory" stage of their business cycle - in which no matter how good the profits look, investors will shy away from buying over fears of a coming slowdown. Nvidia's next earnings release may still be as much as a month away (last year, Nvidia reported first-quarter results on May 26). German megabank Deutsche Bank cut its price target on Nvidia stock by 10.5%, to $255 per share this morning, reports.
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