The next big stock split is quickly approaching. Tech sector titan Broadcom (NASDAQ:AVGO) is gearing up for a 10-for-1 stock split scheduled for July 12, 2024. Given how well AVGO stock has performed lately, it makes sense that the company would split its stock. Shares have topped $1,700 this month, due primarily to the artificial intelligence (AI) boom that has transformed markets.Now, the dynamic tech leader is offering new investors the chance to load up on shares before new AI demand takes it back to th ...

There are plenty of ways to invest in the growing demand for semiconductors.Stock market juggernauts Nvidia and Broadcom have pulled back slightly from their all-time highs, but their market capitalizations are still up enormously this year on investor excitement over artificial intelligence (AI). Nvidia completed its latest stock split in June while Broadcom is scheduled to split its stock 10-for-1 on July 15.Those two are helping lead the tech sector to new heights, but they aren't alone. Intel (INTC 0.53 ...

With artificial intelligence (AI) front and center, it’s no wonder that semiconductor giant Broadcom (NASDAQ:AVGO) has been surging lately. The company specializes in integrated circuits (ICs) and other technologies critical for the advanced needs of AI applications. However, this supreme relevance has also led to a blisteringly high price, causing accessibility issues with AVGO stock. Therefore, the Broadcom stock split may spark more demand from retail investors.Of course, the mere price of a security is ...

This longtime outperformer is set to conduct its eighth stock split since going public.At the moment, there's probably not a hotter trend on Wall Street than artificial intelligence (AI). But companies enacting stock splits comes in a very close second.A stock split is a mechanism that allows publicly traded companies to superficially alter their share price and outstanding share count. It's cosmetic in the sense that a stock split doesn't change a company's market cap, and it has no impact on its operating ...

Broadcom's revenue has taken off thanks to artificial intelligence demand.The moment Broadcom (AVGO -1.50%) investors and potential investors have been waiting for is almost here: The company's 10-for-1 stock split happens later this week. Broadcom will become the latest high-flying stock, following Nvidia and Chipotle Mexican Grill last month, to bring its stock price down to Earth.Stock splits lower the price of individual shares to make them more accessible to a broader range of investors. Broadcom's sha ...

Investment Rating - The report initiates coverage with a "Cautious Buy" rating and a target price of $1728 [5][7]. Core Insights - The AI wave is driving organic growth, with network business expected to achieve rapid growth and wireless business likely to accelerate following Apple's upgrade cycle. The successful integration of VMware is continuously releasing profits and injecting vitality into the company's external development [4][5]. Financial Summary - Projected revenues for fiscal years 2024 and 2025 are $53 billion and $61.7 billion, respectively, representing year-on-year growth of 48% and 17%. Non-GAAP net profits are expected to be $24.6 billion and $29.5 billion, with year-on-year growth of 34% and 20%. The current price corresponds to a PE ratio of 33x and 27x for the respective years [5][11]. Business Overview - The company operates in two main segments: semiconductor solutions and infrastructure software. In FY2023, semiconductor solutions and software contributed $28.2 billion and $7.6 billion in revenue, accounting for 79% and 21% of total revenue, respectively. Following the VMware acquisition, the software revenue share has significantly increased, reaching 40% in FY2024H1 [34][36]. Semiconductor Solutions - The semiconductor business is segmented into network, wireless, server storage connectivity, broadband, and industrial sectors. The network and wireless segments combined contributed 64% and 72% of the semiconductor business revenue in FY2023 and FY2024H1, respectively [36][34]. AI-Driven Growth - The company expects AI-related revenue to grow significantly, with projected AI revenue reaching $11 billion in fiscal year 2024, accounting for 22% of the revenue target of $51 billion [5][11]. VMware Integration - The integration of VMware is expected to enhance profit margins and improve operational efficiency. VMware's revenue is projected to grow to $10.9 billion and $13.6 billion in fiscal years 2024 and 2025, respectively, driven by market demand for virtualization software [13][34]. Market Position - The company is a leading player in the communication chip sector, with a strong market share in various product categories, including switching and routing chips, Wi-Fi chips, and RF components [32][34].

Broadcom (AVGO) shares have gained 24.5% in a month, outperforming the S&P 500 index’s return of 3.63%. It has garnered a lot of investors' attention in recent times thanks to its growing prowess in the AI space, as well as a 10-for-1 stock split.AVGO is benefiting from the growing demand for AI infrastructure and the strong deployment of generative AI. Broadcom’s solutions are suitable for addressing the needs of an increasing AI workload and the growing need for fast networking in data centers.In the seco ...

The semiconductor and infrastructure software giant is benefiting from the artificial intelligence boom.A wide range of companies have announced stock splits this year after their share prices soared. When these events take place, companies issue additional shares to current stockholders, which lowers the price of each individual share proportionally. The goal is to make it easier for a wider range of investors to buy that particular stock.Broadcom (AVGO 2.20%) has scheduled its 10-for-1 stock split for aft ...

The semiconductor specialist rode the wave of artificial intelligence (AI) to new heights.Shares of Broadcom (AVGO 2.20%) were off to the races last month, soaring 21% in June, according to data from S&P Global Market Intelligence.The semiconductor specialist delivered robust financial results and made an announcement that boosted investor sentiment.A beat and raise courtesy of the AI revolutionEarly last month, Broadcom kicked off the festivities with the results of its fiscal second quarter, which ended M ...

The countdown is on until this AI leader splits its stock.Broadcom's (AVGO 1.19%) share price nearly doubled last year. The stock is up over 45% so far in 2024. That's great news for shareholders. However, for some investors, this tremendous success pushed Broadcom's share price so high (over $1,600) that they were reluctant to buy.That won't be a problem for too much longer. In its first-quarter update a few weeks ago, Broadcom announced plans for a 10-for-1 stock split after the market close on July 12, 2 ...