Broadcom may have had a volatile year, but the stock was rising on investor enthusiasm Tuesday as it headed for its best year on record. The California-based tech company is known for making application-specific integrated circuits,

There aren't any rules about why or how often a company can split its stock. Broadcom wouldn't even be the first company to split its stock multiple times in a short period. Tesla executed two stock splits in the two years between August 2020 and 2022. Each share investors owned before those splits would equate to 15 shares today.

Nvidia is one of the most popular AI stocks right now because of its lead in the semiconductor space. The company's graphics processing units (GPUs) have been used in data centers for years, and once tech giants began competing for generative AI dominance, the chips were even more in demand.