Stock-Split Watch: Is SoundHound Next?
Last year was a big one for stock splits. Major companies from Walmart to Chipotle Mexican Grill launched such operations, and players in the market's hottest growth industry -- artificial intelligence (AI) -- got in on the movement too. Leading chipmaker Nvidia, networking giant Broadcom, and equipment maker Super Micro Computer each announced and completed stock splits last year after their prices soared.And after each new stock split, investors' biggest question was: "Which market giant will be next to join this list?" Though these operations don't change anything fundamental about a stock or the company, they could be seen as a generally positive sign. (I'll talk more about that later.) For now, let's get to that investor question and consider if one of today's most explosive growth stories could be the next candidate for a stock split. I'm talking about SoundHound AI (NASDAQ: SOUN), a company that's reported double-digit revenue growth quarter after quarter and has seen its stock soar more than 800% over the past year. Let's take a closer look.Image source: Getty Images.Continue reading
Last year was a big one for stock splits. Major companies from Walmart to Chipotle Mexican Grill launched such operations, and players in the market's hottest growth industry -- artificial intelligence (AI) -- got in on the movement too. Leading chipmaker Nvidia, networking giant Broadcom, and equipment maker Super Micro Computer each announced and completed stock splits last year after their prices soared.
And after each new stock split, investors' biggest question was: "Which market giant will be next to join this list?" Though these operations don't change anything fundamental about a stock or the company, they could be seen as a generally positive sign. (I'll talk more about that later.) For now, let's get to that investor question and consider if one of today's most explosive growth stories could be the next candidate for a stock split. I'm talking about SoundHound AI (NASDAQ: SOUN), a company that's reported double-digit revenue growth quarter after quarter and has seen its stock soar more than 800% over the past year. Let's take a closer look.
Image source: Getty Images.
