Now, it’s looking very likely that we will see more high-profile stock splits this year, considering that the S&P 500 is up almost 90% from the lows of March 2020, with many large-cap names trading around their all-time highs. While a part of the rally was driven by a strong set of Q1 earnings and some positive developments related to the company’s proposed acquisition of chip designer ARM, the stock split is likely the biggest driver of the company’s rally. We saw similar trends for Apple (NASDAQ:AAPL) and Tesla (NASDAQ:TSLA) post their stock split announcements last year. Nvidia (NASDAQ:NVDA) stock rallied by a whopping 35% since May 21st when the company announced its first stock split in nearly two decades. (Photo via Smith Collection/Gado/Getty Images) Getty Images Silicon Valley headquarters, Santa Clara, California, August 17, 2017.
Closeup of signage with logo for computer graphics hardware manufacturer Nvidia at the company's.
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