Nvidia Shares Up 71% Since 2024 Stock Split; Fundamentals Drive Returns
NVDA•Nvidia’s 2024 stock split has coincided with a 71% share gain since execution. Analysis finds that Amazon (+124%), Alphabet (+250%), Tesla (+34%) and Netflix (-20%) splits highlight fundamentals and earnings growth as the true drivers of post-split returns.
1. Stock Split Details
Nvidia completed its most recent stock split in 2024, following rapid share price appreciation and strong demand for its AI-focused chips. The split increased accessibility for retail investors without altering the company’s market capitalization.
2. Comparative Performance Analysis
Since the split, Nvidia shares have climbed 71%, trailing Alphabet’s 250% and Amazon’s 124% gains but outpacing Tesla’s 34% rise and Netflix’s 20% decline. The analysis concludes that underlying business fundamentals and sustained earnings growth, rather than the mechanical effect of splits, drive long-term stock performance.
