Stock splits on the rise for Chipotle, Walmart, Nvidia, Super Micro Computer, Microsoft, and Meta Platforms.

From Nasdaq: 2024-06-09 05:07:00

The popularity of stock splits is on the rise due to the ongoing bull market. Chipotle, Walmart, and Nvidia have announced stock splits thanks to surging stock prices driven by AI adoption. Super Micro Computer is poised for a stock split after soaring 848% since last year and posting a 3.85 billion revenue for fiscal 2024 Q3.

Super Micro Computer is leading the trend with a 2,980% increase in stock price over the past 10 years. Microsoft is also thriving, becoming the most valuable company with a 77% increase in stock price since last year. With a current price of $425, Microsoft’s revenue grew 165% over the past 10 years.

Meta Platforms has bounced back with $36.4 billion in revenue for Q1, up 27% YoY. Using its Llama AI system, Meta is capitalizing on the digital marketing recovery. The stock has surged 310% since last year and boasts a revenue growth of 1,150% over the past 10 years. With a current price of $494, Meta could be eyeing a stock split this year.



Read more at Nasdaq: Beyond Nvidia: 3 Proven Artificial Intelligence (AI) Stocks That Could Split Their Shares in 2024