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 ...

G0d4ather My thesis Broadcom's (NASDAQ:AVGO) AI-related revenue is soaring and is expected to represent more than a third of the total by the end of FY2024. This is a strong indicator of the company having strong AI exposure, and the market already knows it as the stock price almost tripled since January 2023. The company's intrinsic value is higher than the current market capitalization by 9%, and this potential upside might be unattractive for some investors. However, the DCF model is built on conserv ...

These Wall Street analysts see substantial upside in artificial intelligence stocks Nvidia and Broadcom.Semiconductor company Nvidia (NVDA -0.36%) completed a 10-for-1 stock split in June, and fellow chipmaker Broadcom (AVGO 1.19%) has a 10-for-1 stock split planned for July. Savvy investors have gravitated toward both stocks. A company's share price tends to increase about twice as fast as the S&P 500 (^GSPC -0.41%) during the year following a stock split announcement.Indeed, certain Wall Street analysts s ...

The S&P 500 closed at a record high seven times in June as a string of earnings reports from the likes of Broadcom (AVGO) and Oracle (ORCL) showed demand for artificial intelligence (AI) and the wares that make it work remained as healthy as ever.  Heading into the second half of the year, the tech sector has momentum on its side and Wall Street expects the largest names, including Microsoft (MSFT), Alphabet (GOOGL), and Amazon (AMZN), to continue reporting robust earnings growth. Below, we look at a few c ...

With Broadcom's stock split approaching, can it repeat Nvidia's rise?If you believe its hype, artificial intelligence (AI) is one of the most profound advances in technology ever. This may be hyperbole -- time will tell -- but it's clear already that the technology has commercial power. Its impact in the market has been enormous, with its champion, Nvidia (NVDA -0.36%), joining Apple and Microsoft as among the biggest companies in the world.Nvidia's rise led to the company splitting its stock 10-for-1, open ...

The company's technology pervades the artificial intelligence (AI) ecosystem, but is the stock a buy before July 12?When Broadcom (AVGO 1.19%) released the results of its fiscal 2024 second quarter, ended May 5, the company delivered results that sailed past Wall Street's expectations. More intriguing for shareholders, however, was another development.In conjunction with its financial report, Broadcom's management revealed a 10-for-1 stock split. Since its announcement on Jun 12, shares have climbed 6% (as ...

DNY59Dividend investing can be quite challenging in the rapidly changing world in which we find ourselves. Many times, dividend investors may focus on dividend kings and aristocrats (NOBL) with the thought that since their business models have been able to support dividend growth every year for 25 to 50 or more years without any interruptions, they are likely to continue doing so for years to come. While this principle generally holds, there are still some glaring exceptions, as evidenced by recent mass ...

Since its inception, Broadcom Inc. (AVGO) has provided generous returns to its shareholders. The company provides various services and is a market leader in data centers and AI Ethernet switching. Its stock has gone up this year mainly on AI-optimism.Over the last decade, Broadcom has expanded appreciably. In 2016, Singapore-based Avago Tech acquired Broadcom for $37 billion and took on the Broadcom brand name. Since 2018, the company has expanded by acquiring CA Technologies for $19 billion, Symantec’s ent ...

Core Viewpoint - Nvidia and Broadcom have both announced 10-for-1 stock splits due to significant stock price increases driven by demand from the AI market, which is expected to grow from $200 billion to over $1 trillion by the end of the decade [1] Group 1: Nvidia - Nvidia is the leading provider of GPUs essential for AI tasks, with a strong growth trajectory reflected in triple-digit earnings increases and record revenues [2] - The company is focusing on new areas like sovereign AI, which is projected to generate billions in revenue this year despite having no revenue last year [2] - Nvidia's stock is currently more expensive than before its split, indicating a solid buy but at a higher price point [3] Group 2: Broadcom - Broadcom specializes in semiconductors and networking, with a notable 280% increase in AI revenue to $3.1 billion in the last quarter, and forecasts AI revenue to exceed $11 billion for the year [4] - The company leads the Ethernet switch chips market, with significant usage in AI clusters, which is expected to drive future growth [5] - Broadcom's recent acquisition of VMware contributed to a 43% revenue increase to $12.5 billion, indicating strong growth potential [5] Group 3: Investment Considerations - The choice between Nvidia and Broadcom is challenging, but Broadcom is currently trading at a discount compared to Nvidia, making it a more attractive option [6] - Broadcom's stock is expected to trade around $165 post-split, providing an opportunity for investors to buy without fractional shares [7] - For those planning to invest at or above Broadcom's current price of approximately $1,600, immediate investment is recommended as the AI market continues to develop [7]