These could be the next monster AI stock splits after Nvidia.

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If you want to buy Nvidia At an affordable price, now's your chance. The tech giant did a 1-for-10 stock split after the market closed on June 7, 2024. Nvidia's share price is at its lowest in years.

After Nvidia, which AI leaders could split monster stocks on the way? Here are two top contenders and one surefire choice.

1. Broadcom

in a sense, Broadcom (NASDAQ: AVGO ) His stock was never distributed. Evago acquired the “old” Broadcom in 2016 and retained its name. The “old” Broadcom did three stock splits before the acquisition. However, Avago never split its shares — and neither did the “new” Broadcom.

Broadcom's share price is currently hovering around $1,440. That's well above Nvidia's share price when it split its stock. Although the company's management team has yet to signal a stock split, the timing could be right for one — perhaps a 10-for-1 split similar to what Nvidia did.

Broadcom's networking products are enjoying strong demand in AI data centers. The company isn't resting on its laurels, though. It recently announced a new portfolio of Ethernet adapters designed specifically for AI infrastructure. Broadcom believes its latest product launch “revolutionizes the AI ​​networking landscape.”

2. ASML Holding

ASML Holding (NASDAQ: ASML) has done five stock splits in its history. This number includes two reverse stock splits, one in September 2007 and the other in November 2012.

There is a good case that another traditional stock is about to split. ASML shares are trading above $1,040 and have been above $800 for most of 2024 so far. However, the company has not given any indication that a stock split is in the works.

ASML stands as the only manufacturer of ultra-ultraviolet (EUV) lithography machines used to manufacture the most advanced chips. How important is this benefit? Goldman Sachs He believes that chips made using EUV will “enable the next wave of AI.”

3. Lam Research

Lam Research (NASDAQ: LRCX ) The stock has two divisions. However, the most recent — a 3-for-1 split — was back in March 2000.

Unlike Broadcom and ASML, Lam certainly has a stock split on the way. Last month, the company announced a 10-for-1 stock split after the market closes on October 2, 2024. The split makes a lot of sense as Lam's shares are trading above $1,000.

Lam is a leading supplier of wafer fabrication equipment used in making semiconductors. The company's AI edge is in storage. AI apps require fast, high-density storage. Lam's technology enables enterprise solid-state drives that are 50 times faster and five times more power efficient than hard disk drives, which currently store more than 80% of enterprise data.

Are these potential stock split candidates buys?

I wouldn't buy any of these stocks simply because of their scheduled (for Lam Research) and possible (for Broadcom and ASML) future stock splits. Stock splits have zero impact on the companies underlying business or growth prospects.

That said, I think all three stocks could deliver spectacular gains over the long term as AI drives demand for high-powered chips and the equipment needed to make those chips. Broadcom, ASML, and Lam Research should be at the forefront of the AI ​​chip market.

Certainly, all three stocks trade at premium valuations. They are likely to be more volatile than most stocks. However, Broadcom, ASML, and Lam should be good choices for aggressive growth investors.

Should you invest $1,000 in ASML now?

Before buying stock in ASML, consider this:

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Keith Speights has no positions in any stocks. Motley Fool has positions in and recommends ASML, Goldman Sachs Group, Lam Research, and Nvidia. The Motley Fool recommends Broadcom. The Motley Fool has a Disclosure Policy.

These could be the next Monster AI stock splits since Nvidia was originally published by The Motley Fool.

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