QCOM Sep 2024 185.000 put
| Previous close | 4.30 |
| Open | 4.85 |
| Bid | 5.05 |
| Ask | 5.25 |
| Strike | 185.00 |
| Expiry date | 2024-09-20 |
| Day's range | 4.85 - 5.30 |
| Contract range | N/A |
| Volume | |
| Open interest | 517 |
- Yahoo Finance Video
Nvidia's 10-for-1 stock split: Is now the time to buy?
Nvidia (NVDA) is gearing up for a 10-for-1 stock split after the market close. Winthrop Capital chief investment officer Adam Coons joins Wealth! to discuss whether this provides a new buying opportunity for the chip giant as the AI race heats up. Coons explains that while the split allows more investors into the stock, "the downside of it is, though, that large share prices usually are positioned for institutional investors who tend to be more long term, and their decision making is long term. And so they're not as visceral in their reactions to maybe an earnings release or some other news event that would cause them to sell out of an entire position relative to retail investors, who would buy in and they might have a more emotional attachment to the stock." He notes that the stock split will open up an opportunity for investors who have sat on the sidelines as the price becomes more attractive. He adds that "the whole AI pie is growing" as the technology seeps into all corners of the market. Coons points to the cybersecurity sector and companies like CrowdStrike (CRWD) as an area getting a boost from the technology. In addition, he explains that Qualcomm (QCOM) is well positioned as AI becomes integrated into laptops. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl
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