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stock splitThe Motley Fool
•76% Informative
Semiconductor company Broadcom announced that it will be completing a 10 -for-1 stock split in June .
After the split, Broadcom 's outstanding shares will rise by 10x while its share price will be divided by 10 .
Since January 2023 , shares of Broadcom have soared 204% .
Broadcom stock is hovering around $1,700 -- close to its 52-week high.
Since trading under its new ticker as part of Avago Technologies beginning in 2016 , the company has not split its stock.
Despite its pricey valuation, I would advise against waiting until after the split to scoop up shares.
The lower price tag on Broadcom shares post-split does not mean it's actually less expensive.
Investing in Broadcom should be rooted in long-term conviction around AI and the company's ability to emerge as a leader.
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