Meet the Newest Stock-Split AI Stock in the Dow Jones. It Soared 925% in 2 Years, and Wall Street Says It's Still a Buy

Semiconductor company Nvidia (NASDAQ: NVDA) has been one of the hottest stocks on Wall Street since the launch of ChatGPT sparked the artificial intelligence (AI) boom. In fact, Nvidia shares surged 910% during the last two years, making it the best-performing member of the S&P 500 (SNPINDEX: ^GSPC). That price appreciation also led to a 10-for-1 stock split earlier this year.Last week, S&P Global saidNvidia will join the blue-chip Dow Jones Industrial Average (DJINDICES: ^DJI) on Nov. 8. Stock selection is not governed by specific rules, but the Index Committee generally selects companies that meet three criteria: They usually have excellent reputations, exhibit sustained earnings growth, and are followed by a large number of investors.Importantly, Wall Street is still overwhelmingly bullish on Nvidia despite the recent run-up in its share price. Indeed, among the 64 analysts that follow the company, 92% rate the stock a buy. Moreover, the median price target of $150 per share implies 11% upside from the current share price of $135.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool