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Nvidia sparks chatter over possible Dow inclusion after stock split

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Nvidia's 10-for-1 stock split aimed at luring retail investors has taken effect, sparking speculation over chances of the artificial intelligence bellwether's inclusion in the blue-chip Dow index.

FILE PHOTO: A person walks pass a Nvidia logo at Computex in Taipei, Taiwan June 5, 2024. REUTERS/Ann Wang/File Photo/File PhotoNvidia's 10-for-1 stock split aimed at luring retail investors has taken effect, sparking speculation over chances of the artificial intelligence bellwether's inclusion in the blue-chip Dow index.

The stock dipped 0.5 per cent in premarket trading on Monday, after climbing nearly 27 per cent since the company announced the share split and a strong forecast last month. The dominant AI chip maker had also clinched $3 trillion in market value and surpassed Apple to become the second-most valuable firm in the world, trailing only Microsoft.

Moreover,"investors typically assign higher valuations to liquid stocks because of their low trading costs and flexibility in a variety of market environments", the strategists said.

 

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