Stock splits seem to be all the rage. After years of the step seeing less traction, 2024 already served up a slew of high-profile splits.

The biggest, no doubt, was Nvidia, the poster child of the current artificial intelligence (AI) boom. Some big names joined the split club, like the rapidly growing .

Why split a stock? It helps open the door for smaller investors who are locked out of buying shares due to a steep price tag. On average, post-split stocks tend to perform well, but it's not a guarantee.   It could just be that splits tend to happen with stocks that already have positive momentum.

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Source Fool.com