Although the evolution of artificial intelligence (AI) has been the hottest trend in decades on Wall Street, it's not the only catalyst lifting the broader market. Investor euphoria for high-profile stock splits has also played an important role.
A stock split allows a public company to alter its share price and outstanding share count by the same factor without affecting its market cap or underlying operating performance. Within a span of just eight days, two historic AI stock splits were announced by Meta Platforms (NASDAQ:META) and Sandisk (NASDAQ:SNDK), which are set to undertake their first-ever forward splits, respectively.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
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Until recently, Mark Zuckerberg's Meta was the only member of the "Magnificent Seven" that hadn't split its stock. That changed with the company's Oct. 21 quarterly report, which unveiled the creation of a new class of stock.

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