2023 has been the year of artificial intelligence (AI) stocks. The launch of OpenAI's ChatGPT in late 2022 set off a new race to harness generative AI technologies, which some tech CEOs think could be as transformative as the internet has been over the past three decades.

Stock splits, meanwhile, continue to get attention from investors after nearly every big tech Stock split its shares in 2021 and 2022, including Tesla, Apple, , Amazon, Nvidia (NASDAQ: NVDA), and Shopify. Stock splits don't do anything to change the fundamentals of a stock. They just divide the metaphorical pie into more pieces. Investors still own the same percentage of the company as before. However, stock splits tend to excite investors because they act as something of a milestone for a stock, signaling that the price has reached a certain level and can now be reset.

There's also evidence that stocks that have split their shares outperform the rest of the market. That could be a result of the momentum in the business that led to the stock split in the first place or investor reaction to the split.

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Source Fool.com