Stock splits have been in fashion in recent years in the technology sector as high-flying tech stocks have opted to go down this route in a bid to lower their share prices. Nvidia, Alphabet, Tesla, and Broadcom are some of the prominent names that have executed stock splits in recent years,

Shares of ServiceNow have gained more than 4,000% since the company went public, and the stock is now hovering near an all-time high.

With some of the biggest AI players going all-in on this technology, it might make existing AI powerhouses, like Palantir (NASDAQ: PLTR), a bit nervous. Palantir emerged as one of the best pure-play AI investments in 2024.