<p>尽管人工智能（AI）在过去三年里一直占据华尔街的头条，但这并不是唯一推动基准 <strong>S&amp;P 500</strong> 和以增长为导向的 <strong>纳斯达克综合指数</strong> 创下历史新高的趋势。投资者对进行股票拆分的影响力企业的热情也是股市的重要上涨催化剂。</p>
<p>股票拆分是一种事件，允许一家上市公司以相同的比例表面上改变其股价和流通股数量。这些调整在本质上是表面的，因为它们对公司的市值或运营表现没有影响。</p>
<p>尽管这些变化是表面的，投资者对股票拆分的看法却截然不同，这取决于拆分是为了提高还是降低公司的股价。反向拆分旨在提高上市公司的股价，通常会被投资者所回避。进行这种拆分的公司通常是为了避免从主要证券交易所退市。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzY4NzYvc3RvY2stY2VydGlmaWNhdGUtc3BsaXQtcHVibGljLWNvbXBhbnktc2hhcmVzLWludmVzdC1nZXR0eS5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="461" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzY4NzYvc3RvY2stY2VydGlmaWNhdGUtc3BsaXQtcHVibGljLWNvbXBhbnktc2hhcmVzLWludmVzdC1nZXR0eS5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<p>在另一端，投资者更倾向于关注宣布并完成正向拆分的企业。这种拆分旨在使公司的股票对普通投资者更具名义上的可负担性，通常由那些在创新上超越同行并精准执行的企业进行。</p>
<p>此外，进行正向拆分的公司在拆分公告后的 12 个月内通常会显著超越 <strong>S&amp;P 500</strong>。这就是为什么投资者总是关注华尔街下一个热门股票拆分的原因。</p>
<p>虽然没有确切的方法可以判断哪些股票将会是下一个拆分，但社交媒体巨头 <strong>Meta Platforms</strong>（META 0.65%）及其 “七大奇迹” 同行之一看起来非常适合成为 2026 年的头条股票拆分股。</p>
<h2>Meta Platforms 完美地准备宣布正向拆分</h2>
<p>挑选下一个热门股票拆分股不仅仅是看高股价。为了让公司的董事会提议拆分，通常需要有实质性的散户投资者持股。大多数股价在 500 美元或以上的股票未能通过这一部分的检验——但 <strong>Meta Platforms</strong> 并不在此列。</p>
<p>Meta 是七大奇迹中唯一从未进行过拆分的公司。更重要的是，超过 28% 的流通股由 “非机构” 投资者持有。在过去四个月中，股价一直稳定在 700 美元以上，不难想象那些无法通过经纪商购买部分股份的普通投资者可能会受到一定限制。这是一个值得在未来一年内进行股票拆分的良好契机。</p>
<p>除了具备激励股票拆分的特征外，Meta 股票在未来增值的概率也很高，原因在于几个有利的催化因素。</p>
<p>首先，Meta 是一家以广告驱动的企业。尽管目前所有的关注都集中在 Meta 的 AI 支出和 AI 加速数据中心的建设上，但它几乎 98% 的净销售额来自于与其应用程序家族相关的广告，这包括 Facebook、WhatsApp、Instagram、Threads 和 Facebook Messenger。</p>
<p>广告是一个高度周期性的行业，受益于经济周期的不成比例特性。自第二次世界大战结束以来，美国平均衰退期约为 10 个月，而典型的扩张期则持续五年。这为广告支出的长期增长提供了良好的基础。</p>
<p>此外，Meta Platforms 在 6 月份吸引了平均 3.48 亿日活跃用户使用其应用程序家族。没有任何社交媒体公司能接近为广告商提供如此多的用户，这使得 Meta 拥有相当大的广告定价权。</p>
<p>Meta 的资产负债表也为其提供了充足的灵活性。到 6 月底，Meta 拥有超过 470 亿美元的现金、现金等价物和可交易证券，并预计 2025 年的全年运营现金流约为 990 亿美元，这使其能够积极投资于改变游戏规则的技术，如 AI 和元宇宙。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzY4NzYvd29tYW4tdHlwaW5nLWxhcHRvcC1kb2ctb24tbGFwLXdvcmstZnJvbS1ob21lLWNsb3VkLWdldHR5LmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="466" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzY4NzYvd29tYW4tdHlwaW5nLWxhcHRvcC1kb2ctb24tbGFwLXdvcmstZnJvbS1ob21lLWNsb3VkLWdldHR5LmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<h2>是时候进行微软自 2003 年以来的首次股票拆分了</h2>
<p>另一只看起来在 2026 年有明确正向拆分路径的高飞股票是 <strong>Microsoft</strong>（MSFT 0.18%），它是全球市值第二大的上市公司，仅次于 <strong>Nvidia</strong>。</p>
<p>与 Meta 不同，Microsoft 对进行股票拆分以使其股票对散户投资者更具名义上的可负担性并不陌生。自 1986 年 3 月上市以来，它已完成九次正向拆分（其中七次为 2 比 1，两个为 3 比 2）。然而，最后一次拆分发生在 2003 年 2 月。</p>
<p>这里的两个催化因素是，Microsoft 的股价已飙升至 500 美元以上，且超过 33% 的流通股由散户投资者持有。尽管在线经纪商购买部分股份的能力变得越来越普遍，但股价超过 500 美元远高于 Microsoft 在进行股票拆分时的水平。</p>
<p>与 Meta 类似，Microsoft 的高股价和散户投资者持股仅是故事的一部分。公司的基础运营部门也应会导致其股票的巨大上涨。</p>
<p>微软的主要运营部门是云基础设施服务 Azure，该服务正在为其订阅者整合生成性人工智能解决方案和大型语言模型应用。人工智能解决方案的加入使 Azure 的同比增长重新加速，稳固回到 30% 以上的范围。</p>
<p>但投资者常常忽视微软的传统运营部门所提供的价值。尽管 Windows 和 Office 的增长不如以往，但这些软件部门的利润率极高，能够产生大量的运营现金流。Windows 仍然是桌面操作系统的领先者。微软可以将从这些传统业务中产生的现金重新投入到增长更快的项目中，例如人工智能，或者利用这些资金进行有助于盈利的收购。</p>
<p>听起来可能有些老生常谈，但微软的现金余额同样令人印象深刻。到其财年结束时（2025 年 6 月 30 日），其现金、现金等价物和短期投资达到了 946 亿美元，并在 2025 财年从运营中收集了超过 1360 亿美元的现金。</p>
<p>微软有望与 Meta Platforms 一起成为华尔街 2026 年最有可能进行股票拆分的重磅股票。</p>

微软

2 倍做多 MSFT ETF - GraniteShares

MSFO

微软每日 1 倍做空 ETF - Direxion

微软每日 2 倍做多 ETF - Direxion

MSFX

MSFY

<p>Meta Platforms 和微软被预测为 2026 年潜在的热门股票拆分候选者。股票拆分，特别是向前拆分，受到投资者的积极看待，因为它使股票变得更加可负担。Meta 的零售投资者持有超过 28% 的股份，且股价始终保持在 700 美元以上，因而非常适合进行拆分。微软自 2003 年以来未进行拆分，也显示出向前拆分的潜力。这两家公司预计将受益于强劲的广告收入和可观的现金储备，从而提升其增长前景</p>

<p>Though artificial intelligence (AI) has hogged the spotlight on Wall Street in each of the last three years, it's not the only trend that's helped lift the benchmark <strong>S&amp;P 500</strong> and growth-focused <strong>Nasdaq Composite</strong> to record highs. Investor euphoria for influential businesses conducting stock splits has been another important upside catalyst for the stock market.</p>
<div class="lb-trans"><p>尽管人工智能（AI）在过去三年里一直占据华尔街的头条，但这并不是唯一推动基准 <strong>S&amp;P 500</strong> 和以增长为导向的 <strong>纳斯达克综合指数</strong> 创下历史新高的趋势。投资者对进行股票拆分的影响力企业的热情也是股市的重要上涨催化剂。</p>
</div><p>A stock split is an event that allows a publicly traded company to cosmetically alter its share price and outstanding share count by the same factor. These adjustments are purely superficial in the sense that they have no impact on a company's market cap or operating performance.</p>
<div class="lb-trans"><p>股票拆分是一种事件，允许一家上市公司以相同的比例表面上改变其股价和流通股数量。这些调整在本质上是表面的，因为它们对公司的市值或运营表现没有影响。</p>
</div><p>Despite these changes being superficial, investors view stock splits <em>very</em> different, depending on whether they're designed to raise or lower a company's share price. Reverse splits, which aim to increase a public company's share price, are often shunned by investors. Companies conducting this type of split are usually doing so to avoid delisting from a major stock exchange.</p>
<div class="lb-trans"><p>尽管这些变化是表面的，投资者对股票拆分的看法却截然不同，这取决于拆分是为了提高还是降低公司的股价。反向拆分旨在提高上市公司的股价，通常会被投资者所回避。进行这种拆分的公司通常是为了避免从主要证券交易所退市。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzY4NzYvc3RvY2stY2VydGlmaWNhdGUtc3BsaXQtcHVibGljLWNvbXBhbnktc2hhcmVzLWludmVzdC1nZXR0eS5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F836876%2Fstock-certificate-split-public-company-shares-invest-getty.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><p>At the other end of the spectrum, investors gravitate to businesses announcing and completing forward splits. This type of split, which is designed to make a company's shares more nominally affordable for everyday investors, is undertaken by businesses that are out-innovating their peers and executing with precision.</p>
<div class="lb-trans"><p>在另一端，投资者更倾向于关注宣布并完成正向拆分的企业。这种拆分旨在使公司的股票对普通投资者更具名义上的可负担性，通常由那些在创新上超越同行并精准执行的企业进行。</p>
</div><p>Furthermore, companies enacting forward splits have a history of handily outperforming the S&amp;P 500 in the 12 months following their split announcement. This is why investors are always on the lookout for Wall Street's next blockbuster stock-split stocks.</p>
<div class="lb-trans"><p>此外，进行正向拆分的公司在拆分公告后的 12 个月内通常会显著超越 <strong>S&amp;P 500</strong>。这就是为什么投资者总是关注华尔街下一个热门股票拆分的原因。</p>
</div><p>While there's no way to tell, with any concrete certainty, which stocks will split next, social media titan <strong>Meta Platforms</strong>(META 0.65%) and one of its &#34;Magnificent Seven&#34; peers look ideally positioned to become the headline stock-split stocks of 2026.</p>
<div class="lb-trans"><p>虽然没有确切的方法可以判断哪些股票将会是下一个拆分，但社交媒体巨头 <strong>Meta Platforms</strong>（META 0.65%）及其 “七大奇迹” 同行之一看起来非常适合成为 2026 年的头条股票拆分股。</p>
</div><h2>Meta Platforms is perfectly positioned to announce a forward split</h2>
<div class="lb-trans"><h2>Meta Platforms 完美地准备宣布正向拆分</h2>
</div><p>There's more to picking out the next blockbuster stock-split stock than a high share price. In order for a company's board of directors to propose a split, there typically needs to be substantive ownership by retail investors. Most stocks with share prices of $500 or higher fail this portion of the sniff test -- but Meta Platforms doesn't.</p>
<div class="lb-trans"><p>挑选下一个热门股票拆分股不仅仅是看高股价。为了让公司的董事会提议拆分，通常需要有实质性的散户投资者持股。大多数股价在 500 美元或以上的股票未能通过这一部分的检验——但 <strong>Meta Platforms</strong> 并不在此列。</p>
</div><p>Meta is the only member of the Magnificent Seven that's never completed a split. More importantly, over 28% of its outstanding shares are held by &#34;non-institutional&#34; investors. With a share price that's been consistently above $700 for the last four months, it's not hard to imagine that everyday investors who can't buy fractional shares through the broker may be somewhat constrained. This is a recipe that warrants a potential stock split in the coming year.</p>
<div class="lb-trans"><p>Meta 是七大奇迹中唯一从未进行过拆分的公司。更重要的是，超过 28% 的流通股由 “非机构” 投资者持有。在过去四个月中，股价一直稳定在 700 美元以上，不难想象那些无法通过经纪商购买部分股份的普通投资者可能会受到一定限制。这是一个值得在未来一年内进行股票拆分的良好契机。</p>
</div><p>Beyond having the characteristics to incent a stock split, there's a good probability Meta stock will increase in value over time due to a handful of catalysts working in its favor.</p>
<div class="lb-trans"><p>除了具备激励股票拆分的特征外，Meta 股票在未来增值的概率也很高，原因在于几个有利的催化因素。</p>
</div><p>First and foremost, Meta is an ad-driven business. While all the hoopla for the time being has to do with Meta's AI spending and the build-out of its AI-accelerated data center, it's collecting almost 98% of its net sales from ads tied to its family of apps, which includes Facebook, WhatsApp, Instagram, Threads, and Facebook Messenger.</p>
<div class="lb-trans"><p>首先，Meta 是一家以广告驱动的企业。尽管目前所有的关注都集中在 Meta 的 AI 支出和 AI 加速数据中心的建设上，但它几乎 98% 的净销售额来自于与其应用程序家族相关的广告，这包括 Facebook、WhatsApp、Instagram、Threads 和 Facebook Messenger。</p>
</div><p>Advertising is a <em>highly</em> cyclical industry that benefits from the disproportionate nature of economic cycles. Since World War II ended 80 years ago, the average U.S. recession has lasted about 10 months, while the typical expansion has endured five years. This is a recipe for ad spending to expand over time.</p>
<div class="lb-trans"><p>广告是一个高度周期性的行业，受益于经济周期的不成比例特性。自第二次世界大战结束以来，美国平均衰退期约为 10 个月，而典型的扩张期则持续五年。这为广告支出的长期增长提供了良好的基础。</p>
</div><p>Additionally, Meta Platforms coaxed an average of 3.48 billion daily active users to its family of apps during the month of June. No social media company comes particularly close to giving advertisers access to this many users, which allows Meta to command quite a lot of ad-pricing power.</p>
<div class="lb-trans"><p>此外，Meta Platforms 在 6 月份吸引了平均 3.48 亿日活跃用户使用其应用程序家族。没有任何社交媒体公司能接近为广告商提供如此多的用户，这使得 Meta 拥有相当大的广告定价权。</p>
</div><p>Meta's balance sheet gives it plenty of flexibility, as well. Closing out June with more than $47 billion in cash, cash equivalents, and marketable securities, and pacing around $99 billion in full-year operating cash flow for 2025, puts it in the driver's seat to aggressively invest in game-changing technologies, such as AI and the metaverse.</p>
<div class="lb-trans"><p>Meta 的资产负债表也为其提供了充足的灵活性。到 6 月底，Meta 拥有超过 470 亿美元的现金、现金等价物和可交易证券，并预计 2025 年的全年运营现金流约为 990 亿美元，这使其能够积极投资于改变游戏规则的技术，如 AI 和元宇宙。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzY4NzYvd29tYW4tdHlwaW5nLWxhcHRvcC1kb2ctb24tbGFwLXdvcmstZnJvbS1ob21lLWNsb3VkLWdldHR5LmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F836876%2Fwoman-typing-laptop-dog-on-lap-work-from-home-cloud-getty.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>It's time for Microsoft's first stock split since 2003</h2>
<div class="lb-trans"><h2>是时候进行微软自 2003 年以来的首次股票拆分了</h2>
</div><p>The other high-flying Magnificent Seven stock that looks to have a clear path to a forward stock split in 2026 is none other than <strong>Microsoft</strong>(MSFT 0.18%), the world's second-largest public company by market value behind <strong>Nvidia</strong>.</p>
<div class="lb-trans"><p>另一只看起来在 2026 年有明确正向拆分路径的高飞股票是 <strong>Microsoft</strong>（MSFT 0.18%），它是全球市值第二大的上市公司，仅次于 <strong>Nvidia</strong>。</p>
</div><p>Unlike Meta, Microsoft is no stranger to conducting stock splits to make its shares more nominally affordable for retail investors. Since going public in March 1986, it's completed nine forward splits (seven of the 2-for-1 variety, and two 3-for-2 splits). However, the last of these splits occurred in February 2003.</p>
<div class="lb-trans"><p>与 Meta 不同，Microsoft 对进行股票拆分以使其股票对散户投资者更具名义上的可负担性并不陌生。自 1986 年 3 月上市以来，它已完成九次正向拆分（其中七次为 2 比 1，两个为 3 比 2）。然而，最后一次拆分发生在 2003 年 2 月。</p>
</div><p>The two catalysts here are that Microsoft's share price has soared well above $500, and more than 33% of its outstanding shares are held by retail investors. Although the ability to purchase fractional shares has become more common for online brokers, a share price north of $500 is <em>well</em> above where Microsoft had previously split its stock in the days prior to fractional-share purchases.</p>
<div class="lb-trans"><p>这里的两个催化因素是，Microsoft 的股价已飙升至 500 美元以上，且超过 33% 的流通股由散户投资者持有。尽管在线经纪商购买部分股份的能力变得越来越普遍，但股价超过 500 美元远高于 Microsoft 在进行股票拆分时的水平。</p>
</div><p>Similar to Meta, Microsoft's high share price and retail investor ownership represent only part of the story. The company's foundational operating segments should also lead to big-time upside in its stock.</p>
<div class="lb-trans"><p>与 Meta 类似，Microsoft 的高股价和散户投资者持股仅是故事的一部分。公司的基础运营部门也应会导致其股票的巨大上涨。</p>
</div><p>Microsoft's key operating segment is cloud infrastructure service Azure, which is incorporating generative AI solutions and large language model applications for its subscribers. The addition of AI solutions has reaccelerated Azure's year-over-year growth firmly back into the 30%-plus range.</p>
<div class="lb-trans"><p>微软的主要运营部门是云基础设施服务 Azure，该服务正在为其订阅者整合生成性人工智能解决方案和大型语言模型应用。人工智能解决方案的加入使 Azure 的同比增长重新加速，稳固回到 30% 以上的范围。</p>
</div><p>But what investors often overlook with Microsoft is the value that its legacy operating segments provide. While Windows and Office aren't growing like they once were, these are exceptionally high-margin software segments capable of generating boatloads of operating cash flow. Windows is still the leading operating systems for desktops. Microsoft can redirect the cash it generates from these legacy operations to faster-growing initiatives, such as AI, or use this capital to make earnings-accretive acquisitions.</p>
<div class="lb-trans"><p>但投资者常常忽视微软的传统运营部门所提供的价值。尽管 Windows 和 Office 的增长不如以往，但这些软件部门的利润率极高，能够产生大量的运营现金流。Windows 仍然是桌面操作系统的领先者。微软可以将从这些传统业务中产生的现金重新投入到增长更快的项目中，例如人工智能，或者利用这些资金进行有助于盈利的收购。</p>
</div><p>Not to sound like a broken record, but Microsoft's cash balance is impressive, too. It closed out its fiscal year (June 30, 2025) with $94.6 billion in cash, cash equivalents, and short-term investments, and collected more than $136 billion in cash from operations in fiscal 2025.</p>
<div class="lb-trans"><p>听起来可能有些老生常谈，但微软的现金余额同样令人印象深刻。到其财年结束时（2025 年 6 月 30 日），其现金、现金等价物和短期投资达到了 946 亿美元，并在 2025 财年从运营中收集了超过 1360 亿美元的现金。</p>
</div><p>The table is set for Microsoft to join Meta Platforms as Wall Street's likeliest blockbuster stock-split stocks of 2026.</p>
<div class="lb-trans"><p>微软有望与 Meta Platforms 一起成为华尔街 2026 年最有可能进行股票拆分的重磅股票。</p>
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Prediction: Meta Platforms and This "Magnificent Seven" Peer Will Be 2026's Blockbuster Stock-Split Stocks

- 人工智能推动股市上涨，但股票拆分也是重要因素。  
- Meta 和微软可能成为 2026 年的股票拆分热门股。  
- 两家公司均具备高股价和零售投资者持股比例。  

预测：Meta Platforms 和这家 “七大杰出” 同行公司将成为 2026 年的重磅股票拆分对象