Stock Splits 2024: Which Company is Leading on Wall Street?

Amid the rapid developments in the field of Artificial Intelligence (AI), Nvidia, Broadcom, and Super Micro Computers (also known as Supermicro) are recording impressive gains. All three companies have announced a 10-for-1 stock split for 2024 and have seen significant stock price increases this year despite recent corrections. Wall Street analysts appear to have clear preferences. But which of these split stocks is currently enjoying the most favor? According to a survey conducted by LSEG in September, 93% of analysts recommend buying Broadcom stock, with none advising to sell it. In contrast, Nvidia holds only the second place: 55% of the analysts surveyed rate the stock positively. Supermicro comes in third, with only 33% of analysts recommending the stock. However, when looking at the 12-month price targets, an interesting picture emerges: Supermicro leads with an average price potential of 105%. Nvidia follows with a projected increase of 22%, while Broadcom lags with 15%. The cautious stance toward Supermicro might be due to recent controversies surrounding alleged accounting manipulations by the company. Therefore, the price targets may not yet fully reflect recent events. Nvidia is grappling with concerns regarding its declining gross margin and the possibility of a recession. Yet, analysts remain optimistic in light of new products such as the Blackwell chips. Although the future is uncertain, analysts seem to remain confident about the growth prospects for Nvidia and Broadcom. Both companies continue to be strong candidates for investors interested in long-term success.