From Nasdaq

July 29, 2024 05:06:00 AM:

The artificial intelligence revolution has propelled major stock indices to record highs in 2023. Stock-split euphoria has also played a role in boosting leading companies. Stock splits can alter share price and count, with forward splits favored by investors. Recently, 12 businesses announced stock splits, with only one being a reverse-split. Prominent stock-split stocks include Nvidia, Chipotle Mexican Grill, and MicroStrategy. Nvidia, valued at 38 times sales, faces competition and possible overvaluation. Chipotle, priced at 39 times forward-year earnings, relies on innovative strategies for growth. MicroStrategy, with $32 billion market cap, has unprofitable operations and risky Bitcoin investments. Investors should exercise caution before investing in these expensive stock-split stocks.

Read more at Nasdaq: These Are 3 of the Priciest Stock-Split Stocks on Wall Street — and Yes, They Should Be Avoided