This improvement sparked a rally in Nvidia stock, making it a leader in data center chips and, eventually, in AI accelerators. Massive stock gains prompted a 4-for-1 stock split in July 2021.

“Notable cases like Amazon’s split in 2022 and Nvidia’s previous split in 2021 show that strategic stock splits can occasionally buck the trend,” said Kostin. Additionally, the strategists ...

The latest exchange data shows that short interest, or bearish bets, on Nvidia's stock, had dropped 11% in two weeks to 241.36 million shares as of the end of February. That's the lowest total, on a ...