<p>儘管人工智能（AI）在過去三年裏一直佔據華爾街的頭條，但這並不是唯一推動基準 <strong>S&amp;P 500</strong> 和以增長為導向的 <strong>納斯達克綜合指數</strong> 創下歷史新高的趨勢。投資者對進行股票拆分的影響力企業的熱情也是股市的重要上漲催化劑。</p>
<p>股票拆分是一種事件，允許一家上市公司以相同的比例表面上改變其股價和流通股數量。這些調整在本質上是表面的，因為它們對公司的市值或運營表現沒有影響。</p>
<p>儘管這些變化是表面的，投資者對股票拆分的看法卻截然不同，這取決於拆分是為了提高還是降低公司的股價。反向拆分旨在提高上市公司的股價，通常會被投資者所迴避。進行這種拆分的公司通常是為了避免從主要證券交易所退市。</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>圖片來源：Getty Images。</p>
<p>在另一端，投資者更傾向於關注宣佈並完成正向拆分的企業。這種拆分旨在使公司的股票對普通投資者更具名義上的可負擔性，通常由那些在創新上超越同行並精準執行的企業進行。</p>
<p>此外，進行正向拆分的公司在拆分公告後的 12 個月內通常會顯著超越 <strong>S&amp;P 500</strong>。這就是為什麼投資者總是關注華爾街下一個熱門股票拆分的原因。</p>
<p>雖然沒有確切的方法可以判斷哪些股票將會是下一個拆分，但社交媒體巨頭 <strong>Meta Platforms</strong>（META 0.65%）及其 “七大奇蹟” 同行之一看起來非常適合成為 2026 年的頭條股票拆分股。</p>
<h2>Meta Platforms 完美地準備宣佈正向拆分</h2>
<p>挑選下一個熱門股票拆分股不僅僅是看高股價。為了讓公司的董事會提議拆分，通常需要有實質性的散户投資者持股。大多數股價在 500 美元或以上的股票未能通過這一部分的檢驗——但 <strong>Meta Platforms</strong> 並不在此列。</p>
<p>Meta 是七大奇蹟中唯一從未進行過拆分的公司。更重要的是，超過 28% 的流通股由 “非機構” 投資者持有。在過去四個月中，股價一直穩定在 700 美元以上，不難想象那些無法通過經紀商購買部分股份的普通投資者可能會受到一定限制。這是一個值得在未來一年內進行股票拆分的良好契機。</p>
<p>除了具備激勵股票拆分的特徵外，Meta 股票在未來增值的概率也很高，原因在於幾個有利的催化因素。</p>
<p>首先，Meta 是一家以廣告驅動的企業。儘管目前所有的關注都集中在 Meta 的 AI 支出和 AI 加速數據中心的建設上，但它幾乎 98% 的淨銷售額來自於與其應用程序家族相關的廣告，這包括 Facebook、WhatsApp、Instagram、Threads 和 Facebook Messenger。</p>
<p>廣告是一個高度週期性的行業，受益於經濟週期的不成比例特性。自第二次世界大戰結束以來，美國平均衰退期約為 10 個月，而典型的擴張期則持續五年。這為廣告支出的長期增長提供了良好的基礎。</p>
<p>此外，Meta Platforms 在 6 月份吸引了平均 3.48 億日活躍用户使用其應用程序家族。沒有任何社交媒體公司能接近為廣告商提供如此多的用户，這使得 Meta 擁有相當大的廣告定價權。</p>
<p>Meta 的資產負債表也為其提供了充足的靈活性。到 6 月底，Meta 擁有超過 470 億美元的現金、現金等價物和可交易證券，並預計 2025 年的全年運營現金流約為 990 億美元，這使其能夠積極投資於改變遊戲規則的技術，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>圖片來源：Getty Images。</p>
<h2>是時候進行微軟自 2003 年以來的首次股票拆分了</h2>
<p>另一隻看起來在 2026 年有明確正向拆分路徑的高飛股票是 <strong>Microsoft</strong>（MSFT 0.18%），它是全球市值第二大的上市公司，僅次於 <strong>Nvidia</strong>。</p>
<p>與 Meta 不同，Microsoft 對進行股票拆分以使其股票對散户投資者更具名義上的可負擔性並不陌生。自 1986 年 3 月上市以來，它已完成九次正向拆分（其中七次為 2 比 1，兩個為 3 比 2）。然而，最後一次拆分發生在 2003 年 2 月。</p>
<p>這裏的兩個催化因素是，Microsoft 的股價已飆升至 500 美元以上，且超過 33% 的流通股由散户投資者持有。儘管在線經紀商購買部分股份的能力變得越來越普遍，但股價超過 500 美元遠高於 Microsoft 在進行股票拆分時的水平。</p>
<p>與 Meta 類似，Microsoft 的高股價和散户投資者持股僅是故事的一部分。公司的基礎運營部門也應會導致其股票的巨大上漲。</p>
<p>微軟的主要運營部門是雲基礎設施服務 Azure，該服務正在為其訂閲者整合生成性人工智能解決方案和大型語言模型應用。人工智能解決方案的加入使 Azure 的同比增長重新加速，穩固回到 30% 以上的範圍。</p>
<p>但投資者常常忽視微軟的傳統運營部門所提供的價值。儘管 Windows 和 Office 的增長不如以往，但這些軟件部門的利潤率極高，能夠產生大量的運營現金流。Windows 仍然是桌面操作系統的領先者。微軟可以將從這些傳統業務中產生的現金重新投入到增長更快的項目中，例如人工智能，或者利用這些資金進行有助於盈利的收購。</p>
<p>聽起來可能有些老生常談，但微軟的現金餘額同樣令人印象深刻。到其財年結束時（2025 年 6 月 30 日），其現金、現金等價物和短期投資達到了 946 億美元，並在 2025 財年從運營中收集了超過 1360 億美元的現金。</p>
<p>微軟有望與 Meta Platforms 一起成為華爾街 2026 年最有可能進行股票拆分的重磅股票。</p>

微軟

2 倍做多 MSFT ETF - GraniteShares

MSFO

微軟每日 1 倍做空 ETF - Direxion

微軟每日 2 倍做多 ETF - Direxion

MSFX

MSFY

<p>Meta Platforms 和微軟被預測為 2026 年潛在的熱門股票拆分候選者。股票拆分，特別是向前拆分，受到投資者的積極看待，因為它使股票變得更加可負擔。Meta 的零售投資者持有超過 28% 的股份，且股價始終保持在 700 美元以上，因而非常適合進行拆分。微軟自 2003 年以來未進行拆分，也顯示出向前拆分的潛力。這兩家公司預計將受益於強勁的廣告收入和可觀的現金儲備，從而提升其增長前景</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>儘管人工智能（AI）在過去三年裏一直佔據華爾街的頭條，但這並不是唯一推動基準 <strong>S&amp;P 500</strong> 和以增長為導向的 <strong>納斯達克綜合指數</strong> 創下歷史新高的趨勢。投資者對進行股票拆分的影響力企業的熱情也是股市的重要上漲催化劑。</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>股票拆分是一種事件，允許一家上市公司以相同的比例表面上改變其股價和流通股數量。這些調整在本質上是表面的，因為它們對公司的市值或運營表現沒有影響。</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>儘管這些變化是表面的，投資者對股票拆分的看法卻截然不同，這取決於拆分是為了提高還是降低公司的股價。反向拆分旨在提高上市公司的股價，通常會被投資者所迴避。進行這種拆分的公司通常是為了避免從主要證券交易所退市。</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>圖片來源：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，投資者更傾向於關注宣佈並完成正向拆分的企業。這種拆分旨在使公司的股票對普通投資者更具名義上的可負擔性，通常由那些在創新上超越同行並精準執行的企業進行。</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，進行正向拆分的公司在拆分公告後的 12 個月內通常會顯著超越 <strong>S&amp;P 500</strong>。這就是為什麼投資者總是關注華爾街下一個熱門股票拆分的原因。</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>雖然沒有確切的方法可以判斷哪些股票將會是下一個拆分，但社交媒體巨頭 <strong>Meta Platforms</strong>（META 0.65%）及其 “七大奇蹟” 同行之一看起來非常適合成為 2026 年的頭條股票拆分股。</p>
</div><h2>Meta Platforms is perfectly positioned to announce a forward split</h2>
<div class="lb-trans"><h2>Meta Platforms 完美地準備宣佈正向拆分</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>挑選下一個熱門股票拆分股不僅僅是看高股價。為了讓公司的董事會提議拆分，通常需要有實質性的散户投資者持股。大多數股價在 500 美元或以上的股票未能通過這一部分的檢驗——但 <strong>Meta Platforms</strong> 並不在此列。</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 是七大奇蹟中唯一從未進行過拆分的公司。更重要的是，超過 28% 的流通股由 “非機構” 投資者持有。在過去四個月中，股價一直穩定在 700 美元以上，不難想象那些無法通過經紀商購買部分股份的普通投資者可能會受到一定限制。這是一個值得在未來一年內進行股票拆分的良好契機。</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>除了具備激勵股票拆分的特徵外，Meta 股票在未來增值的概率也很高，原因在於幾個有利的催化因素。</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 是一家以廣告驅動的企業。儘管目前所有的關注都集中在 Meta 的 AI 支出和 AI 加速數據中心的建設上，但它幾乎 98% 的淨銷售額來自於與其應用程序家族相關的廣告，這包括 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>廣告是一個高度週期性的行業，受益於經濟週期的不成比例特性。自第二次世界大戰結束以來，美國平均衰退期約為 10 個月，而典型的擴張期則持續五年。這為廣告支出的長期增長提供了良好的基礎。</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 億日活躍用户使用其應用程序家族。沒有任何社交媒體公司能接近為廣告商提供如此多的用户，這使得 Meta 擁有相當大的廣告定價權。</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 的資產負債表也為其提供了充足的靈活性。到 6 月底，Meta 擁有超過 470 億美元的現金、現金等價物和可交易證券，並預計 2025 年的全年運營現金流約為 990 億美元，這使其能夠積極投資於改變遊戲規則的技術，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>圖片來源：Getty Images。</p>
</div><h2>It's time for Microsoft's first stock split since 2003</h2>
<div class="lb-trans"><h2>是時候進行微軟自 2003 年以來的首次股票拆分了</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>另一隻看起來在 2026 年有明確正向拆分路徑的高飛股票是 <strong>Microsoft</strong>（MSFT 0.18%），它是全球市值第二大的上市公司，僅次於 <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>與 Meta 不同，Microsoft 對進行股票拆分以使其股票對散户投資者更具名義上的可負擔性並不陌生。自 1986 年 3 月上市以來，它已完成九次正向拆分（其中七次為 2 比 1，兩個為 3 比 2）。然而，最後一次拆分發生在 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>這裏的兩個催化因素是，Microsoft 的股價已飆升至 500 美元以上，且超過 33% 的流通股由散户投資者持有。儘管在線經紀商購買部分股份的能力變得越來越普遍，但股價超過 500 美元遠高於 Microsoft 在進行股票拆分時的水平。</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>與 Meta 類似，Microsoft 的高股價和散户投資者持股僅是故事的一部分。公司的基礎運營部門也應會導致其股票的巨大上漲。</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>微軟的主要運營部門是雲基礎設施服務 Azure，該服務正在為其訂閲者整合生成性人工智能解決方案和大型語言模型應用。人工智能解決方案的加入使 Azure 的同比增長重新加速，穩固回到 30% 以上的範圍。</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>但投資者常常忽視微軟的傳統運營部門所提供的價值。儘管 Windows 和 Office 的增長不如以往，但這些軟件部門的利潤率極高，能夠產生大量的運營現金流。Windows 仍然是桌面操作系統的領先者。微軟可以將從這些傳統業務中產生的現金重新投入到增長更快的項目中，例如人工智能，或者利用這些資金進行有助於盈利的收購。</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>聽起來可能有些老生常談，但微軟的現金餘額同樣令人印象深刻。到其財年結束時（2025 年 6 月 30 日），其現金、現金等價物和短期投資達到了 946 億美元，並在 2025 財年從運營中收集了超過 1360 億美元的現金。</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>微軟有望與 Meta Platforms 一起成為華爾街 2026 年最有可能進行股票拆分的重磅股票。</p>
</div>

Prediction: Meta Platforms and This "Magnificent Seven" Peer Will Be 2026's Blockbuster Stock-Split Stocks

- 人工智能推動股市上漲，但股票拆分也是重要因素。  
- Meta 和微軟可能成為 2026 年的股票拆分熱門股。  
- 兩家公司均具備高股價和零售投資者持股比例。  

預測：Meta Platforms 和這家 “七大傑出” 同行公司將成為 2026 年的重磅股票拆分對象