Meta now has a dividend. Could it be next to split its stock? Here's what Jim Cramer thinks

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Wednesday's key moments. The S & P 500 and Nasdaq Composite hit record highs Wednesday while U.S Treasury yields tumbled after the consumer price index print indicated that inflation slowed in May.

Meanwhile, days after fellow portfolio name Nvidia's 10-for-1 stock split took effect, Jim predicted Meta will follow suit. Shares of the social media giant, which announced a dividend earlier this year, traded just below $508 each Wednesday. "They are most likely next to do the split," he said. "I know it does not create value, but it is worth pointing out." Broadcom is set to release quarterly earnings after the closing bell.

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