The stock market has gotten off to a scorching start in 2024. About midway through the year, the S 500 has gained roughly 15% while the tech-heavy Nasdaq Composite is up nearly 18%.

One of the hottest sectors fueling the market to new heights is technology -- primarily driven by euphoria surrounding all things related to artificial intelligence (AI). As stock prices continue to surge, some companies have resorted to stock splits in an effort to open shares up to a broader base on investors.

Semiconductor company (NASDAQ: AVGO) is the most recent chip company to announce a stock split, joining its peers Nvidia and Lam Research.

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Source Fool.com