Broadcom and its investors are benefiting from the AI boom.At today's stock market close, Broadcom (AVGO -2.22%) will make a move to slash its high-flying share price. The technology giant will complete a 10-for-1 stock split, lowering the price of its stock from more than $1,700 to about $170. The stock will start trading at the new price as of the market open on Monday.Broadcom shares have soared nearly 100% in the past year as demand from artificial intelligence (AI) customers picked up -- in the recent ...

Tomorrow marks the next big event of Stock Split Summer 2024. Tech sector conglomerate Broadcom (NASDAQ:AVGO) is preparing to enact a 10-for-1 stock split. After a year of impressive growth, this makes a lot of sense for the company, which has benefited significantly from the artificial intelligence (AI) gold rush that has overtaken markets over the past two years. Now, new investors will have the chance to buy into this high-growth tech leader once it begins trading on a split-adjusted basis. Broadcom’s de ...

In a counter-intuitive move, great inflation news caused a tech sell-off. Here's why.Shares of most big tech names and AI beneficiaries, including Broadcom (AVGO -4.12%), Meta Platforms (META -4.84%), and Intel (INTC -4.32%) were down on Thursday, falling 3.1%, 3.8%, and 4.2%, respectively, as of 1 p.m. ET.The across-the-board declines in some AI winners could happen for any number of reasons, such as bad news on the AI investment front, or a marketwide pullback.But that's not what's happening today. In fac ...

Broadcom (NASDAQ:AVGO) stock is on the move Thursday after the price target for its shares was increased by analysts at Rosenblatt.Rosenblatt analyst Hans Mosesmann increased the firm’s price target for AVGO stock from $1,650 per share to $2,400 per share. That represents a 37.6% premium over the stock’s previous closing price. It’s also well above the analysts’ consensus price estimate of $1,706.37 per share.With this new price target, the Rosenblatt analyst maintains his “buy” rating for AVGO stock. That ...

You don’t have to dig deep to find relatively unknown stocks to outperform the stock market and generate impressive returns. Certain household names continue to win since the most established companies have larger customer bases and multiple ways to grow revenue and earnings.Some of these blue-chip stocks also offer quarterly dividends which makes it easier to hold onto shares. While most growth stocks have low yields, some of these stocks have yields above 1%. Also, they have impressive annualized dividend ...

AI and chips > salsa and chips.The bigger the stock split, the better the stock? If that were the case, Chipotle Mexican Grill (CMG 1.43%) would beat Broadcom (AVGO 0.66%) like a drum. Chipotle conducted a 50-for-1 stock split on June 25. Broadcom will split its shares 10-for-1 following the market close on July 12. But the size of the stock split has no bearing on the quality of the stock. If you're thinking about whether or not to buy Chipotle or Broadcom, the decision should be an easy one. Here are five ...

Chipmaker Broadcom will become Wall Street's newest stock-split stock on Friday, July 12.Broadcom (AVGO 0.66%) shares surged 106% during the past year as investors came to appreciate the role its custom silicon could play in powering artificial intelligence workloads.The company will reset its share price with a 10-for-1 stock split on Friday, July 12, meaning shareholders of record will receive nine additional shares for each one they already own. The stock will begin trading on a split-adjusted basis on M ...

Broadcom (NASDAQ:AVGO) stock is up by about 60% year-to-date and is set to enact a 10-for-1 stock split on July 15. That caught the attention of New Jersey Representative Josh Gottheimer.Gottheimer just disclosed a significant number of trades made between June 6 and 28. On June 28, he purchased between $1,000 and $15,000 of AVGO stock. That came just four days after Nancy Pelosi purchased 20 Broadcom call options with a strike price of $800 and an expiration date of June 20, 2025. AVGO is up 9% since her p ...

The clock is ticking until Broadcom's stock split. Should you move quickly?Many investors could be kicking themselves for not buying shares of Broadcom (AVGO -0.72%) before now. Since October 2022, the share price of the semiconductor and software company has nearly quadrupled. Broadcom stock is up over 50% so far this year.And a potential catalyst is imminent. Here's the top reason to buy Broadcom stock before its 10-for-1 stock split after the market close on July 12.An expectations gameBroadcom announced ...

The company's technology underpins much of the artificial intelligence (AI) ecosystem, but is the stock a buy before July 11?On June 12, in conjunction with the results of its fiscal 2024 second quarter (ended May 5), Broadcom (AVGO -0.72%) announced plans to initiate a 10-for-1 stock split. Shareholders of record as of Thursday, July 11, will receive nine additional shares for each share of common stock they own. The split will be conducted after the market close on Friday, July 12, and the stock will begi ...