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.

And today, with prices of AI stocks still reaching well into the hundreds of dollars, the stock split wave isn't over. In fact, one stock in particular looks like an excellent candidate thanks to its solid growth in recent years, top share price performance, and long-term prospects. Image source: Getty Images.

The central bank's decision to slash borrowing costs by 50 basis points is easing concerns about the economy. That could lift the AI trade.