Did you miss Nvidia's remarkable AI-propelled run-up? This company could be next in line.It has been an eventful year for investors in Broadcom (AVGO -2.37%). The stock has more than doubled in value over the past 12 months. The company split its stock over the summer to lower its share price, but enthusiasm over recent earnings results sent it soaring to nearly $250.Stock price movements don't always match what's happening with the underlying company. However, Broadcom's recent business developments point ...

Bullish sentiment rules … cash levels are down as fund managers flood stocks … crazy “red flag” valuations … how to trade this market with greater safetyThis will go down as a year with among the most bullish sentiment since the 1987 inception of the American Association of Individual Investors survey.So says Jason Goepfert, founder of SentimenTrader, which provides market sentiment-focused research to its clients.On one hand, this is great news. This bullish sentiment is the fuel that has propelled the S&P ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

Artificial intelligence (AI)-networking solutions provider Broadcom became Wall Street's newest trillion-dollar stock last week -- and there's a logical company that can follow in its footsteps.For more than two years, the bulls have been running wild on Wall Street, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all ascending to multiple record-closing highs in 2024. While there have been pockets of strength in most sectors and industries, the stock market's trillion-dollar businesses ...

What if Santa Claus named his reindeer after stocks with market caps of $1 trillion or more? We wouldn't have, "Now, Dasher! Now, Dancer! Now, Prancer and Vixen! On, Comet! On Cupid! On, Donder and Blitzen!" Instead, jolly old Saint Nick would be calling, "Now, Apple! Now, Microsoft! Now, Nvidia and Amazon! On Alphabet! On Meta and Tesla!"Just as Rudolph was a later recruit to Santa's reindeer team, two new members have just joined the $1 trillion club. And while neither has a shiny red nose, Wall Street th ...

Investment Rating - The report assigns a positive investment rating to Broadcom (AVGO) based on strong revenue growth and profitability metrics [3][4]. Core Insights - Broadcom's Q4 revenue reached $14.05 billion, a year-over-year increase of 51.2%, slightly exceeding company guidance and Bloomberg consensus [3]. - AI revenue grew significantly, with a 150% year-over-year increase, contributing $3.7 billion in Q4 [4]. - The company anticipates a record annual revenue of $51.6 billion for FY2024, representing a 44% year-over-year growth [3]. Financial Performance Summary - Total revenue for FY2023 was $35.8 billion, with a projected increase to $51.6 billion in FY2024 [8]. - Non-GAAP net profit is expected to rise from $18.4 billion in FY2023 to $23.7 billion in FY2024 [8]. - Non-GAAP diluted EPS is projected to increase from $4.20 in FY2023 to $4.90 in FY2024 [8]. Future Performance Guidance - Revenue for Q1 FY2025 is expected to grow by 21.7% year-over-year to $14.6 billion, aligning with Bloomberg consensus [6]. - Adjusted EBITDA margin is projected to increase by 6.2 percentage points to 66% for Q1 FY2025 [6]. - The company plans to increase its cash dividend by 11% to $0.59 in the next quarter [6].

Up until the market opened on Friday, Dec. 13, America was home to seven technology companies worth $1 trillion or more:Apple: $3.7 trillion.Nvidia: $3.3 trillion.Microsoft: $3.3 trillion.Amazon: $2.4 trillion.Alphabet: $2.3 trillion.Meta Platforms: $$1.5 trillion.Tesla: $1.4 trillion.However, an eighth company just joined the ranks. Broadcom (AVGO 11.21%) stock surged 24% last Friday following the release of its financial results for fiscal 2024 (ended Nov. 3), catapulting the company into the exclusive $1 ...

The post-election rally has come to a halt following fresh concerns over the economy’s health as inflation rose once again in November. All three major indexes have retreated from their all-time high in the past week as investors remain unclear about the Federal Reserve’s future rate cut path.Also, geopolitical tensions have been adding to the worries, which could make markets volatile in the coming days. Given this situation, investing in dividend-paying stocks would be a wise decision. These stocks tend t ...

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .Analyst’s Disclosure: I/we have a beneficial long position in the shares of TPL, LB either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha ...

Core Insights - The technology sector has experienced significant growth in 2024, driven by emerging industries like artificial intelligence (AI), making it one of the best years for tech stocks in recent memory [1][2]. Group 1: Broadcom - Broadcom's fiscal year 2024 revenue reached $51.5 billion, a 44% increase from 2023, with a notable expansion into enterprise software [4]. - The company's software business grew by 181% in 2024, aided by the acquisition of VMware for $69 billion [4]. - AI revenue for Broadcom surged by 220% in 2024, totaling $12.1 billion, indicating strong growth potential in this area [6]. Group 2: Qualcomm - Qualcomm's revenue grew by only 9% in fiscal 2024, with its handset segment accounting for 64% of total revenues, making it vulnerable to losing Apple's business [9][10]. - The automotive segment of Qualcomm experienced significant growth, increasing by 55% [10]. - Despite challenges, Qualcomm's stock has risen by 20% over the past year, and its P/E ratio is currently at 18, below industry competitors [12]. Group 3: Meta Platforms - Meta has achieved a compound annual growth rate (CAGR) of 24.8% since its public debut in 2012, significantly outperforming the S&P 500 [14]. - The company generated $156 billion in revenue over the last 12 months and has over $52 billion in free cash flow [15]. - Meta announced a $50 billion share buyback plan and a quarterly dividend, showcasing its cash-generating capabilities [16].