The “Magnificent Seven” stocks have been making headlines with their recent splits, and investors are eager to know which one will be next. Nvidia recently announced a 10-for-1 stock split, marking a significant milestone for the AI chip leader. This comes after a streak of splits by the high-flying tech players in the group.
Of the seven stocks, five have split their shares in the last four years, with Nvidia being one of the two to do it twice. The table below shows the companies that have split their shares and when they did it.
– Apple: Aug. 28, 2020 (4-for-1)
– Tesla: Aug. 31, 2020 (5-for-1)
– Nvidia: July 20, 2021 (4-for-1)
– Amazon: June 6, 2022 (20-for-1)
– Alphabet: July 15, 2022 (20-for-1)
– Tesla: Aug. 24, 2022 (3-for-1)
– Nvidia: June 7, 2024 (10-for-1)
Microsoft and Meta Platforms are missing from the list and are now the highest-priced stocks within the Magnificent Seven. This makes them the most likely candidates for a split after Nvidia.
Microsoft, with a market cap over $3 trillion, hasn’t split its stock since 2003. However, under the leadership of CEO Satya Nadella, the company has seen significant growth and may consider a split to maintain its position within the Dow Jones Industrial Average.
Meta Platforms, on the other hand, has never split its stock since its IPO in 2012. With a higher share price than Microsoft, a split could make the stock more attractive to retail investors and help it align with the Dow’s criteria.
In DailyBubble’s opinion, Meta Platforms seems more likely to be the next to split its stock. With a lower market cap and higher share price than Microsoft, a split could be a strategic move for the social media giant.
While there’s no guarantee that either company will split its stock, it would make sense for them to do so as their share prices continue to rise. Investors will be keeping a close eye on these tech giants to see if they follow in Nvidia’s footsteps.