From Nasdaq
July 26, 2024 5:06 am:

Stock splits are becoming a hot trend on Wall Street, despite AI dominating headlines. Companies adjust their share price and outstanding share count by the same factor with no impact on market cap or performance. Forward splits make shares more affordable for investors, contrasting with reverse splits that raise share prices.

High-profile companies have announced stock splits in 2024. Nvidia stands out as the top performer with its H100 GPU dominating AI-accelerated data centers. Even though Nvidia’s stock isn’t cheap, it’s valued at around 32 times forward-year earnings. Perfect execution is vital for maintaining Nvidia’s growth amid rising competition.

For investors seeking bargains, Sirius XM, Mitsui, and Sony Group offer attractive opportunities. Sirius XM’s revenue stability from subscriptions makes it a standout amongst radio operators. Mitsui’s diversified business model and low executive compensation attract investors. Sony Group’s gaming and image sensor divisions are poised for growth with new gaming consoles and 5G network upgrades.

Read more at Nasdaq.: These Are Wall Street’s 3 Cheapest Stock-Split Stocks — and Nvidia Isn’t 1 of Them!