Nvidia’s split of soaring stock could boost retail investor appeal, Dow chances

) plan to split its stock after the stunning rise in the chipmaker’s share price could lure more interest from retail investors while potentially paving the way for the company’s inclusion in the Dow Jones Industrial Average.

For Nvidia, the third-largest U.S. company by market value, the stock split could spark more interest from individual or retail investors, analysts said. The chipmaker’s shares have already more than doubled so far in 2024. Nvidia’s lead in the AI boom already has made it the most popular stock among individual investors over the past year.

Still, while Nvidia’s split, effective June 7, “should appeal to retail investors ... the value of the business won’t have actually changed,” said Dan Coatsworth, investment analyst at AJ Bell.In an “FAQ” document about the stock split, Nvidia said: “Given the significant appreciation of the company’s share price in recent years, the stock split is intended to make stock ownership more accessible to employees and investors.

The split would reduce Nvidia’s price to about $104 as of Thursday’s price. That would make it the 21st-biggest stock in the Dow, just behind Merck and ahead of Walt Disney . Nvidia is the third-biggest stock in the market cap-weighted S&P 500. An S&P Dow Jones Indices spokeswoman said it does not comment or speculate on index additions or deletions.

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