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NVIDIA SPARKS CHATTER OVER POSSIBLE DOW INCLUSION AFTER STOCK SPLIT




Nvidia's 10-for-1 stock split aimed at luring retail investors has taken effect, sparking speculation over chances of the artificial intelligence bellwether's inclusion in the blue-chip Dow index. The split, aimed at lowering per-share value to make it more affordable for employees and investors, increases the company's outstanding shares without changing its market valuation.

"A side-effect of Nvidia's stock split will be to put it in the running to follow Amazon and Apple into the Dow, potentially pushing out fellow chip stock Intel that currently has the lowest weighting," said Ben Laidler, global markets strategist at digital brokerage eToro. The stock dipped 0.2% on Monday, after having climbed nearly 27% since the company announced the share split and a strong forecast last month. The dominant AI chip maker also clinched $3 trillion in market value last week and surpassed Apple to become the second-most valuable firm in the world, trailing only Microsoft.

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