Back in the dot-com boom era, stock splits became commonplace in response to soaring share prices. Amid the current artificial intelligence (AI) boom, a similar pattern could be developing. Already, several AI companies have split their shares, and more splits could be on the way among the others that are trading at lofty prices.

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One of the more tightly specialized artificial intelligence (AI) stocks on the market had quite a memorable Wednesday. On news that it is bulking up with an acquisition, investors piled into Powerfleet ( AIOT 7.