Nvidia and Broadcom stocks have seen significant increases, with Nvidia up 760% since the beginning of the year and Broadcom up 205%. Nvidia has already completed a 10 for 1 stock split, and Broadcom plans to do the same on July 12. The next potential stock split in the Nasdaq-100 is likely to be MercadoLibre, the third most expensive stock in the index.
MercadoLibre is a leader in e-commerce and retail advertising in Latin America, with a strong presence in the market. The company reported strong financial results in the first quarter, beating expectations on revenue and earnings. Its revenue rose 36%, driven by growth in both the commerce and fintech segments. MercadoLibre’s market penetration in Latin America is expected to grow, making it a worthwhile long-term investment.
Despite the risks, such as hyperinflation in Argentina and historical volatility, MercadoLibre shares are trading at a reasonable price compared to Wall Street’s earnings forecast. Investors comfortable with the risk and volatility may consider buying a small position in this potentially split stock.
The Motley Fool recommends MercadoLibre and Nvidia, among others, and highlights the opportunity to invest in “Double Down” actions for companies that are on the verge of huge growth. Past performance of these alerts has shown significant returns for investors.
Overall, Nvidia and Broadcom’s stock splits indicate potential growth opportunities, with MercadoLibre likely to follow suit in the Nasdaq-100. Investors should consider the long-term potential of MercadoLibre and the benefits of investing in potentially lucrative opportunities.
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https://finance.yahoo.com/news/nvidia-broadcom-announced-10-1-091200642.html