2024-07-31 04:45:00 ET
The rise of artificial intelligence (AI) has led to massive stock gains for some companies. In a few cases, the increase was so significant that it prompted a company to initiate a stock split .
Admittedly, the stock split may have happened for a variety of reasons, including an attempt to avoid the appearance of overvaluation. Nonetheless, when accounting for factors such as the business, growth rates, and valuation, one stock-split stock stands out as an excellent buy.
The stock-split stock in AI to buy right now is Broadcom (NASDAQ: AVGO) . The company recently initiated its first stock split in its history, splitting shares 10-for-1.
For further details see:
This Is the Best Stock-Split AI Stock to Buy Right Now