<div id="readability-page-1">According to the Chinese calendar, 2024 is the &#34;year of the wood dragon.&#34; For investors, though, this might be the &#34;year of the stock splits.&#34; Several major companies have either already conducted stock splits or plan to do so over the next few weeks and months. Historically, stocks tend to perform well after announcing stock splits. That's been generally true this year, with one stock delivering especially big gains. Here's the best stock-split stock of 2024 so far -- and it isn't even close. <h2>The top contenders</h2> Walmart (WMT 2.64%) kicked off the &#34;year of stock splits&#34; in January with its announcement of a 3-for-1 split. CEO Doug McMillon said the giant retailer decided to split its shares for the first time since March 1999 to make its stock more affordable for its associates. Walmart conducted the stock split after the market close on Feb. 22, 2024. In March, Chipotle Mexican Grill (CMG 1.90%) announced that its board of directors approved a huge 50-for-1 stock split. A few months later, after winning shareholder approval a few months later, Chipotle conducted its stock split following the market close on June 25. Amphenol (APH 0.33%) didn't announce its plans to conduct a 2-for-1 stock split until May. However, the electronic components maker beat Chipotle to the punch, conducting its stock split after the market close on June 11. Several other companies intend to split their shares soon. Williams-Sonoma's (WSM -0.36%) 2-for-1 stock split is scheduled for July 8. Chipmaker Broadcom (AVGO -1.50%) plans to conduct a 10-for-1 stock split on July 12. Sony's (SONY 1.37%) 5-for-1 stock split should occur after the market close on Sept. 30. Lam Research (LRCX 0.47%), which makes equipment used in the fabrication of semiconductors, plans to conduct a 10-for-1 stock split on Oct. 2. All three stocks that have already conducted stock splits have performed well so far this year. Walmart's shares are up nearly 30%. Chipotle and Amphenol stocks have both soared close to 36%. Nearly all the stocks with splits on the way have delivered strong gains as well. Broadcom is the best performer of the group, with its shares vaulting more than 50% higher year to date. Williams-Sonoma stock is up close to 40%. Lam Research isn't far behind, with a year-to-date gain of around 38%. The only lower among these stock-split stocks is Sony, whose shares have fallen close to 10% this year. <h2>The hands-down winner</h2> However, another stock-split stock is the hands-down winner. In its first-quarter update on May 22, Nvidia (NVDA -1.91%) announced plans for a 10-for-1 stock split. The graphics processing unit (GPU) maker conducted this split after the market close on June 7. Nvidia's shares have skyrocketed more than 150% year to date, eclipsing all the other top stocks announcing splits this year. This huge gain comes on top of a 239% gain in 2023. Although Nvidia's share price rose by a double-digit percentage in the days following its stock split, it has retreated since then. The real engine behind Nvidia's spectacular performance this year is the continued strong demand for its GPUs, thanks to a massive generative artificial intelligence (AI) tailwind. <h2>Which is the best stock-split stock to buy now?</h2> The old saying that there are &#34;different strokes for different folks&#34; applies to which stock-split stock is the best to buy right now. Different investors will likely prefer different stocks based on their investing styles. If you're concerned about an economic downturn, Walmart is probably the best pick. The discount retailer is one of the top recession-resistant stocks around. Income investors don't have great options with these stock-split stocks. However, Williams-Sonoma offers a forward dividend yield of 1.6% -- the highest yield in the group. It's also neck-and-neck with Sony as the most attractively valued of these stocks. What about growth investors? I think Nvidia and Broadcom are good choices. Broadcom trades at a lower forward earnings multiple, but Nvidia's growth prospects remain exceptionally bright. It's arguably still the best stock-split stock for growth investors to buy. </div>

AVGO

Several major companies have conducted or plan to conduct stock splits in 2024. Historically, stocks tend to perform well after announcing stock splits. Walmart, Chipotle, and Amphenol have already conducted stock splits and their shares have performed well. Other companies like Williams-Sonoma, Broadcom, Sony, and Lam Research plan to conduct stock splits in the coming months. Nvidia, which conducted a stock split in June, has seen its shares skyrocket by over 150% this year, making it the top performer among stock-split stocks. Different stocks may be preferred by different investors based on their investing styles. Walmart is considered a good pick for economic downturn concerns, while Nvidia and Broadcom are recommended for growth investors.

- 2024 is dubbed the "year of stock splits" as major companies like Walmart, Chipotle, and Amphenol have either conducted or planned significant stock splits. Walmart initiated a 3-for-1 split to enhance share affordability for associates. Chipotle and Amphenol followed suit with notable splits. 
- Other companies like Williams-Sonoma, Broadcom, Sony, and Lam Research are set to split their shares soon. Stocks that have split already, including Walmart, Chipotle, and Amphenol, have shown strong performance. Broadcom leads the pack with over 50% gains year-to-date.
- Nvidia stands out as the top performer, announcing a 10-for-1 split and witnessing a remarkable 150% surge in share value this year, driven by robust GPU demand and AI trends. Different investors may find various stock-split stocks appealing based on their investment preferences, with Walmart, Williams-Sonoma, Nvidia, and Broadcom highlighted for different strategies.

Motley Fool

Here's the Best-Performing Stock-Split Stock of 2024 So Far -- and It Isn't Even Close