Nvidia and Broadcom have had their time to shine. Now a legal monopoly, and a company whose stock has gained nearly 125,000% since its IPO, are set to conduct stock splits.Although artificial intelligence (AI) has been the talk of Wall Street for much of the last two years, the euphoria surrounding companies enacting stock splits has been an equally important catalyst for the stock market in 2024.A stock split is a tool publicly traded companies have at their disposal that allows them to cosmetically alter ...

peshkovShares of Broadcom (NASDAQ:AVGO) crashed 10% on Friday after the hardware maker reported better than expected earnings for its third fiscal quarter. Despite a 47% year-over-year increase in revenue in the last quarter, which was driven by a continual boom in the artificial intelligence market, the earnings report fell into a week of weak macro data. Chip stocks had an especially bad week last week as investors panicked over a poor reading of the labor market data. In my opinion, Broadcom is in a ...

Sundry Photography What Happened in 3Q FY2024 Broadcom's (NASDAQ:AVGO) stock dropped 10% following its 3Q FY2024 earnings report. Despite strong growth in the Infrastructure Software segment, much of it was driven by VMware, while AVGO's core software business saw a sharp deceleration, growing only 3.3% compared to 34% YoY in the previous quarter. However, AI-related revenue continued its robust growth, implying at least a 174% YoY increase in 3Q, and the company raised its AI revenue outlook for 4Q. Me ...

Nvidia, Super Micro Computer, and Broadcom have all been at the center of stock splits this year.It's no secret that semiconductor stocks have been particularly big winners amid the artificial intelligence (AI) revolution. With share prices skyrocketing, several high-profile chip companies have opted for stock splits this year. Some AI chip stock-split stocks you might recognize include Nvidia (NVDA -4.08%), Super Micro Computer (SMCI -6.79%), and Broadcom (AVGO -10.36%).Indeed, each of these stocks has don ...

G0d4ather Investment Thesis Broadcom (NASDAQ:AVGO), a major chip supplier for technology companies, reported its Q3 FY24 earnings report which showed the San Jose, CA-based chip supplier beat top line and bottom line estimates. The company demonstrated accelerating growth in its AI-focused revenue, which continued its pace of growth through Q3. However, Broadcom’s non-AI revenue continued to be a drag on its earnings performance as sales continued to slack. Still, Broadcom’s CEO, Hock Tan, announced on ...

Broadcom is a pick-and-shovel way to invest in AI.Nvidia's volatility continues to have rippling effects throughout the technology sector and the broader market. In August, Nvidia stock was as low as $90.69 a share and as high as $131.26 a share -- representing a sizable range for such a short period of time.Nvidia reported earnings on Aug. 28, delivering parabolic growth and higher-than-expected guidance. And yet, the stock sold off. Nvidia stands out as a solid buy in the chip space for investors that can ...

These two tech leaders are tapping into artificial intelligence to fuel more growth.Artificial intelligence (AI) has quickly become the most important narrative in the tech industry as companies recognize the massive opportunity it creates, from enterprise productivity to cybersecurity.Already, a handful of companies have emerged as AI tech leaders, including semiconductor company Broadcom (AVGO -10.36%) and cybersecurity leader CrowdStrike (CRWD -3.91%). Here's why these tech stocks could be worth buying r ...

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The evidence shows that stock-split stocks have a history of outperforming the broader market, and the advent of artificial intelligence (AI) is fueling even greater gains.The past few years have seen a return to the popularity of stock splits. The practice was a regular occurrence during the 1990s and had fallen by the wayside, but has experienced a renaissance in recent years. A stock split is typically the result of years of strong business and financial results, which fuel a soaring stock price. Over th ...

In fiscal Q3, the chipmaker continued to experience strong demand for its products for artificial intelligence (AI) data centers.Shares of Broadcom (AVGO -10.36%) dropped 10.4% on Friday, following the semiconductor and infrastructure software maker's release on the prior afternoon of its report for the third quarter of fiscal 2024 (ended Aug. 4).The decline was likely largely driven by guidance for fourth-quarter revenue being a bit lower than Wall Street had expected. In the current environment for artifi ...