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5 Stocks That May Be Splitting Soon

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In this article, we will discuss the 5 stocks that may be splitting soon. If you want to explore similar stocks, you can also read 10 Stocks That May Be Splitting Soon.

5. AutoZone, Inc. (NYSE:AZO)

Number of Hedge Fund Holders: 42

AutoZone, Inc. (NYSE:AZO) is a leading retailer and one of the largest distributors of automotive parts and accessories in the United States. The company offers a wide variety of products for cars, trucks, and SUVs. AutoZone, Inc. (NYSE:AZO) is committed to providing the best possible service to its customers. The company is cash-rich and has a strong track record of delivering shareholder value. The company has free cash flows of $2.53 billion. On October 4, AutoZone, Inc. (NYSE:AZO) announced its board of directors has authorized a share buyback program of $2.5 billion of the company’s common stock. The company has authorized $33.7 billion in share repurchases since 1998.

AutoZone, Inc. (NYSE:AZO) has split its stock two times in its history of being a public company. The company’s most recent split was a 2-for-1 stock split in April of 1994, and its share price since then has surged from $29 to $2,464 per share, as of November 9. AutoZone, Inc. (NYSE:AZO) is ranked high among the stocks that may split soon.

On October 20, Truist analyst Scot Ciccarelli raised his price target on AutoZone, Inc. (NYSE:AZO) to $2,533 from $2,292 and maintained a Buy rating on the shares.

At the close of Q2 2022, 42 hedge funds were eager on Autozone, Inc. (NYSE:AZO) and disclosed positions worth $1.28 billion in aggregate. As of September 30, Aubrey Capital Management is the top investor in AutoZone, Inc. (NYSE:AZO) and has stakes worth $4.07 billion in the company.

Here is what Carillon Tower Advisers had to say about AutoZone, Inc. (NYSE:AZO) in its second-quarter 2022 investor letter:

“AutoZone, Inc. (NYSE:AZO) sells automotive replacement parts and accessories. The company reported another solid quarterly update that highlighted particularly robust growth in its commercial segment, market share gains, and stable gross margins. Additionally, investors have appreciated the company’s historically stable business model that is positioned to perform well in periods of economic stress.”

Follow Autozone Inc (NYSE:AZO)

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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