AI Stocks on the Horizon for Potential Stock Splits in 2024: MSFT and NOW

Following notable stock splits by tech giants such as Nvidia, Broadcom, and Super Micro, investors are turning their attention to other prominent players in the artificial intelligence (AI) space for potential splits. A stock split is a decision made by a company’s board of directors to increase the number of shares in a corporation by issuing more shares to current shareholders. As AI continues to be a leading edge in technological advancement, two particular stocks are being closely watched for potential splits in the year 2024: Microsoft Corporation MSFT and ServiceNow NOW.

Microsoft Corporation MSFT: A Tech Behemoth

The American multinational technology company Microsoft Corporation is a household name in the software and hardware industry. Known for its Microsoft Windows operating systems, Microsoft Office suite, and strong presence in both consumer electronics with products like Xbox and professional computing with the Microsoft Surface line, MSFT remains a major player in the industry. Ranked No. 21 in the 2020 Fortune 500, MSFT was acknowledged as the world's largest software maker by revenue in 2016 and is counted among the Big Five of the U.S. information technology sector.

ServiceNow NOW: Leading in Digital Workflows

ServiceNow, the Santa Clara-based American software company, has made significant strides with its cloud computing platform that aids businesses in managing digital workflows for enterprise operations. As companies continue to adopt cloud-based solutions for efficient operation management, NOW has positioned itself as a key provider in this increasingly essential space.

As 2024 approaches, investors are speculating which AI-enhanced companies will consider stock splits to make their shares more accessible to a broader range of investors. While stock splits do not change the intrinsic value of a company, they can often make the stock more appealing to retail investors and potentially boost the stock’s liquidity. With their robust performance in the AI domain, both MSFT and NOW are on the watchlist for upcoming stock splits, an event that can signal confidence from company leaders about future growth prospects.

Investment, AI, StockSplit