5 Magnificent 7 Stocks Have Split Their Shares Since 2020. Only 2 Have Beaten the Market

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Alphabet (GOOG) delivered 176.5% returns since its July 2022 split, more than doubling the market’s 82.7% gain, Tesla‘s (TSLA) saw its 2020 split generate 135.5% returns. Its 2022 split, however, produced only 32.1% versus the market’s 66.4%.Stock splits alone do not drive outperformance, and only Alphabet and Tesla’s 2020 splits beat the broader market, while sustained gains depend on execution in AI, cloud, autonomous technology, and competitive positioning rather than lower nominal share prices.A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read more here.Stock splits are frequently touted as bullish catalysts that make shares more accessible to retail investors and spark fresh buying interest. The reality is far more prosaic: a split changes nothing fundamental about the underlying business. You are simply handed thinner slices of the exact same pie, now priced lower per share.Since 2020, five of the vaunted Magnificent Seven stocks have executed splits -- Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL), Nvidia (NASDAQ:NVDA), and Tesla (NASDAQ:TSLA) -- while Meta Platforms (NASDAQ:META) has never split and Microsoft's (NASDAQ:MSFT) last split occurred all the way back in 2003.The post-split track record for the five has been underwhelming at best. Only two of these stocks have outperformed the S&P 500 since their respective split dates. Shares often pop in the immediate aftermath of hype and increased liquidity, yet those gains prove fleeting. The data make one thing clear: a stock split alone is never a reason to buy.Read: Data Shows One Habit Doubles American’s Savings And Boosts RetirementMost Americans drastically underestimate how much they need to retire and overestimate how prepared they are. But data shows that people with one habit have more than double the savings of those who don’t.Among the five Magnificent Seven names that split since 2020, the results are lopsided. Most have failed to keep pace with the broader market, underscoring that structural changes like splits do not alter growth trajectories or competitive advantages.The table below measures total returns from each split date through the close on March 13:StockDate of Split% Performance Stock% Performance S&P 500Apple8/31/202099.6%105.6%Amazon6/6/202266.4%70.1%Alphabet7/18/2022176.5%82.7%Meta PlatformsNANANAMicrosoftNANANANvidia6/10/202448.1%86.6%Tesla8/31/2020135.5%105.6%8/25/202232.1%66.4%Only Alphabet and Tesla’s 2020 split delivered market-beating returns. The other three splitters -- Apple, Amazon, and Nvidia -- trailed the S&P 500, while Tesla's second split underperformed even more dramatically.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,750.50 -5.00 (-0.07%)Dow Futures47,255.00 -34.00 (-0.07%)Nasdaq Futures24,870.25 -21.00 (-0.08%)Russell 2000 Futures2,516.10 -4.80 (-0.19%)VIX23.51 -3.68 (-13.53%)Gold5,020.40 +18.20 (+0.36%)Trending tickersADBE Adobe Inc. 251.86 +2.54 (+1.02%)BTC-USD Bitcoin USD 74,774.03 +1,838.31 (+2.52%)XYZ Block, Inc. 59.85 +0.06 (+0.10%)ULTA Ulta Beauty, Inc. 516.74 -18.98 (-3.54%)RBRK Rubrik, Inc. 51.67 -1.76 (-3.29%)PortfolioSign in to access your portfolioSign inTop gainersNSA National Storage Affiliates Trust 40.23 +9.29 (+30.03%)NBIS Nebius Group N.V. 129.85 +16.90 (+14.96%)BMNR Bitmine Immersion Technologies, Inc. 23.39 +2.85 (+13.88%)BCRX BioCryst Pharmaceuticals, Inc. 9.30 +1.08 (+13.14%)NSA-PA National Storage Affiliates Trust 22.72 +2.41 (+11.87%)Top losersTXG 10x Genomics, Inc. 16.69 -2.10 (-11.18%)VNET VNET Group, Inc. 9.53 -0.98 (-9.32%)PAYP PayPay Corporation 19.35 -1.79 (-8.47%)FSLY Fastly, Inc. 22.79 -1.79 (-7.28%)KLAR Klarna Group plc 14.91 -1.00 (-6.29%)Most activeNVDA NVIDIA Corporation 183.22 +2.97 (+1.65%)INTC Intel Corporation 45.76 -0.01 (-0.02%)ONDS Ondas Inc. 10.53 +0.37 (+3.64%)PLUG Plug Power Inc. 2.2400 +0.0900 (+4.19%)AAL American Airlines Group Inc. 10.49 +0.19 (+1.84%)Top economic eventsEarnings eventsMy earnings eventsEarnings events