Although the evolution of artificial intelligence (AI) has been the hottest trend in decades on Wall Street, it's not the only catalyst lifting the broader market. Investor euphoria for high-profile stock splits has also played an important role. A stock split allows a public company to alter its share price and outstanding share count by the same factor without affecting its market cap or underlying operating performance. Within a span of just eight days, two historic AI stock splits were announced by Meta Platforms (NASDAQ:META) and Sandisk (NASDAQ:SNDK), which are set to undertake their first-ever forward splits, respectively. Image source: Getty Images.
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