The Rise of Stock Splits in 2024: AI Titans and a Surprising Contender

In 2024, stock splits have become a major focus on Wall Street, rivaling the popularity of AI discussions. Companies like Nvidia and Broadcom are leading this trend with AI-driven stock splits, reflecting their significant roles in the growing AI market. Nvidia's dominance in AI data centers and Broadcom's advancements in networking solutions have prompted both companies to initiate 10-for-1 forward splits. Meanwhile, Cintas, a company unrelated to AI, is poised for a 4-for-1 forward split, marking its sixth split since its IPO. Cintas's success is attributed to its diverse clientele, strategic acquisitions, and a robust capital-return program. However, its high valuation poses a challenge for potential investors. The Motley Fool Stock Advisor team suggests considering other promising stocks for investment.