Although all eyes seem to be focused on anything and everything having to do with artificial intelligence (AI), one of Wall Street's hottest trends right now is companies enacting stock splits.

A stock split is an event that allows a publicly traded company to change its outstanding share count and share price by the same magnitude. Since 2024 began, nearly a dozen high-profile, time-tested businesses have announced and/or completed a stock split.

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Source Fool.com