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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Generative AI is taking the world by storm. This groundbreaking technology is capable of creating new content, such as text, images, and even music, based on the patterns it learns from existing data.

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Here is why these companies are having tremendous success.

Many of the more bullish analysts, which had priced the stock at more than $20, trimmed their price targets back in May to below the $20 mark. Many of the more recent price targets for UiPath are now within the $14 to $16 range. However, there are some still far higher than that and that could be overdue for downgrades.