While stock splits are a sign of confidence in a company's future performance, they could introduce significant price volatility after the event.
United States chipmaker Nvidia has outperformed Apple stock price by over 25-fold since the beginning of 2024, as its much-anticipated 10-to-1 stock split is about to start trading.
Nvidia (NVDA) shares rose over 150% since the beginning of 2024, while Apple (AAPL) shares only rose 6% year-to-date (YTD), according to Nasdaq data.
Nvidia has also been outperforming Apple shares in the short term. On the monthly chart, Nvidia’s price rose 34%, while Apple stock only rose slightly over 7%.
