Back in the dot-com boom era, stock splits became commonplace in response to soaring share prices. Amid the current artificial intelligence (AI) boom, a similar pattern could be developing. Already, several AI companies have split their shares, and more splits could be on the way among the others that are trading at lofty prices.

As the AI boom continues, stock splits among high-performing companies are becoming more common. While stock splits don’t inherently change a company's value, they often follow significant price appreciation and signal management’s confidence in future gr...