Nvidia, Micron, Microsoft, Alphabet Avoid Stock Splits, Pricing Out Retail Investors

Shares of major technology companies Nvidia (NVDA), Micron (MU), Microsoft (MSFT), and Alphabet (GOOGL) have surged during the AI-driven rally without stock splits, pushing share prices beyond the reach of many retail investors as of May 31, 2026. Nvidia trades above $200, Micron above $900, Microsoft near $440, and Alphabet at $379, leaving the average investor unable to afford full shares. The companies have not split their stock in several years, despite the growing importance of individual investors in markets. Wedbush analyst Dan Ives said the AI boom could spur action: “The success of these tech stocks and AI Revolution we foresee many stock splits on the horizon in the tech world heading into year end.” The lack of splits highlights a long-standing disconnect between corporate boards and retail investors, who increasingly drive market volumes but are often locked out of high-priced equities.