Over the past 30 years, Wall Street has had no shortage of next-big-thing trends that have captivated investors. At the moment, nothing is garnering the attention of professional and everyday investors quite like artificial intelligence (AI).
AI, which involves the use of software and systems to oversee tasks normally overseen by humans, has application across almost every sector and industry. This is likely why the analysts at PwC believe AI has the potential to add $15.7 trillion to global gross domestic product by 2030.
Nvidia has become the infrastructure backbone of the AI revolution
Over the past year, megacap Nvidia (NASDAQ: NVDA) has led the charge among artificial intelligence stocks. It’s become the infrastructure backbone of the AI movement. The company’s A100 and H100 graphics processing units (GPUs) are the brains of high-compute data centers that allow for split-second decision-making by AI software and systems.
But with Nvidia shares closing at $726 last week, the prospect of a stock split may begin to look all the more enticing.
However, Nvidia isn’t the only high-flying AI or AI-related stock that appears primed for a potential stock split. What follows are three AI companies that could beat this GPU juggernaut to the punch and become Wall Street’s next stock-split stocks.
Meta Platforms
The first artificial intelligence stock that could beat Nvidia to the punch and become Wall Street’s next stock-split stock is none other than social media juggernaut Meta Platforms (NASDAQ: META). Meta has never conducted a stock split, but its share price climbed to near $490 this past week.
Super Micro Computer
A second AI-fueled company that can become Wall Street’s next stock-split stock well ahead of Nvidia is server and storage-solutions specialist Super Micro Computer (NASDAQ: SMCI). Like Meta Platforms, Super Micro has never conducted a stock split. However, with its stock briefly surpassing $1,000 per share last week, a forward split is probably in consideration.
Broadcom
The third artificial intelligence stock that could leapfrog Nvidia and become one of Wall Street’s next stock-split stocks is semiconductor giant Broadcom (NASDAQ: AVGO). Before Avago acquired Broadcom in 2016 and kept its name, Broadcom had completed three splits. But Avago had never split its stock. As of Feb. 16, a single share of Broadcom was setting shareholders back a whopping $1,245.
These AI companies that could beat Nvidia to the punch and become the next stock-split stocks hold a lot of promise for investors looking to capitalize on the artificial intelligence revolution and potential stock splits in the near future.
*Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Sean Williams has positions in Meta Platforms. The Motley Fool has positions in and recommends Meta Platforms and Nvidia. The Motley Fool recommends Broadcom and Super Micro Computer. The Motley Fool has a disclosure policy.
Forget Nvidia: These 3 Artificial Intelligence (AI) Stocks Can Be the Next Stock-Split Stocks was originally published by The Motley Fool
