Unlocking Growth Potential: Top Stock-Split Picks for Smart Investors in 2024

Investing in stocks that have undergone splits can be a strategic move for savvy investors, especially when the companies in question are on a trajectory of impressive growth. Companies that frequently pursue stock splits often do so to keep their share prices within an accessible range for a broad base of investors. For example, Nvidia, an industry leader known for its cutting-edge graphics processing units (GPUs), has seen its stock split multiple times over the years—most recently with a monumental 10-for-1 split in June.

This bold move is indicative of Nvidia’s remarkable success; the stock has skyrocketed around 24,000% since 2014. While the current price per share is more manageable around $118, analysts caution potential investors to remain aware of market fluctuations and the potential impacts of rising competition, especially in the AI sector. With substantial revenue growth of 122% year-over-year in their fiscal second quarter, Nvidia remains a heavyweight with no immediate substitute for its GPUs, particularly as demand for artificial intelligence capabilities surges across various industries.

However, factors such as supply chain restrictions and heightened competition in markets like China could pose challenges. While Nvidia is poised for impressive revenue growth in the upcoming quarters—projecting a substantial monthly increase—it’s essential to monitor not just the company’s trajectory but also the broader market dynamics and competition.

On the other hand, Broadcom is another compelling contender in the technology sector that recently executed a 10-for-1 stock split, decreasing its share price to approximately $167. Known for its leading role in networking and data center solutions, Broadcom’s investments in AI over the last decade are finally paying off, with their custom AI accelerators reporting a staggering threefold rise in revenue compared to last year.

Further enhancing Broadcom’s prospects is its strategic partnership with Apple, as the tech giant commits to a $430 billion investment in the U.S. economy, significantly boosting Broadcom’s smartphone component supply agreements. With expectations for robust sales for the upcoming iPhone 16 driven by cutting-edge AI features, Broadcom could enjoy a boost in wireless revenue as consumers upgrade their devices.

Investors are enthusiastic, as Broadcom navigates previous market headwinds and capitalizes on growth within AI infrastructure. With a future price-to-earnings (P/E) ratio positioned at 27 and a projected annual earnings growth of 19% over the coming years, it appears Broadcom has laid a solid foundation for long-term success.

Both Nvidia and Broadcom represent unique investment opportunities in a rapidly evolving market. As you consider your options, it’s crucial to assess not only the stock performance but also the underlying growth strategies driving these companies. By selectively investing in stocks that have recently split, you may well position yourself for substantial returns as these companies continue to innovate and expand in the ever-changing technological landscape.

As always, it’s wise to conduct thorough research and stay informed about market conditions to make the most informed investment decisions possible. Dive deep into the world of stock splits and take note of these influential players poised for future growth, ensuring your portfolio remains robust in this dynamic market.