Broadcom(AVGO)

Search documents
4 Dividend Growth Stocks For A Powerful Passive Income Snowball
Seeking Alpha· 2024-06-21 11:05
Seiya TabuchiAnyone who's read my work for any period of time knows that I place a great deal of emphasis on current yield. There are several reasons for this. One is the saying, "A bird in the hand is worth two in the bush." In other words, an investment that can pay you cash today is more certain than one that you're hoping will be able to pay you twice as much down the line. This is because there are macroeconomic risks, execution risks, technological disruption risks, management risks, and competiti ...
Where Will Broadcom Stock Be in 5 Years?
The Motley Fool· 2024-06-21 11:00
This technology hardware company is soaring amid artificial intelligence-related demand.With shares up by over 500% over the last five years, Broadcom (AVGO -3.77%) has been a big winner in the artificial intelligence (AI) boom. Let's dig deeper into the pros and cons of the stock to determine if it can generate similar returns over the next half-decade. Why Broadcom?The current iteration of Broadcom came to be from the 2016 merger of Avago Technologies and Broadcom Corporation to unlock synergies and bette ...
After Nvidia's Stock Split, This Semiconductor Stock Is Next. Here's What to Expect.
The Motley Fool· 2024-06-21 09:45
Broadcom is following in Nvidia's footsteps and splitting its stock. What does that mean for investors?Nvidia captured the investing world's attention. The semiconductor maker grew at a lightning pace over the last two years as the leading provider of the chips that make artificial intelligence (AI) possible.Recently, the company executed a 10-for-1 stock split, meaning investors now have 10 times as many shares, with each one worth 10% of what they were just before the split. This move, while not directly ...
Broadcom Shares Hit a Record High on Surging Revenue and an Announced Stock Split. Is It Too Late to Buy the Stock?
The Motley Fool· 2024-06-21 08:40
This tech company is benefiting from the AI boom.Share prices of Broadcom (AVGO -3.77%) hit record highs after news came out that revenue surged in the chipmaker's fiscal second quarter and that the company will be executing a stock split. Broadcom's stock price has now more than doubled over the past year.Let's take a look a the company's most recent quarterly results and whether or not it is too late to buy the stock.AI and software lead the way for Broadcom in Q2For fiscal 2024's second quarter (ended Ma ...
Wall Street Favorites: 7 Growth Stocks With Strong Buy Ratings for June 2024
Investor Place· 2024-06-20 15:58
Investors searching for stocks that will grow their portfolio and provide a strong return on capital should pay attention to analyst ratings, particularly the ones placed on strong buy growth stocks. Analysts are selective about the stocks they give their highest ratings to and are growing increasingly picky as the market rallies to all-time highs.Not every stock is worthy of praise or a top rating. But some are, and analysts see their share prices continuing to rise even if they’ve already enjoyed big gain ...
Broadcom's Symantec Cloud Secure Web Gateway Receives FedRAMP Authorization
Newsfilter· 2024-06-20 13:00
PALO ALTO, Calif., June 20, 2024 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ:AVGO) today announced its Symantec Cloud Secure Web Gateway (SWG) solution received Federal Risk and Authorization Management Program (FedRAMP®) authorization, further expanding Broadcom's portfolio of FedRAMP authorized solutions for the U.S. sector. Symantec Cloud SWG delivers comprehensive, cloud-hosted security for U.S. federal agencies adopting a Security Service Edge (SSE) architecture. The solution enables U.S. federal agencie ...
Nvidia vs. Broadcom: Which Soaring Stock-Split AI Stock Is The Better Buy Now?
The Motley Fool· 2024-06-20 11:00
Group 1: Industry Overview - The generative artificial intelligence (AI) sector has rapidly grown since the launch of OpenAI's ChatGPT in late 2022, benefiting hardware companies like Nvidia and Broadcom that supply essential data center equipment [1] - The AI industry is projected to reach a value of $1.3 trillion by 2032, indicating significant growth potential [2] Group 2: Nvidia - Nvidia's stock has increased over 3,500% in five years, leading to frequent stock splits to maintain share price accessibility, with the latest being a 10-for-1 split effective June 7, bringing the price to around $120 per share [2] - Nvidia holds an 80% market share in advanced graphics processing units (GPUs) critical for large language models, positioning the company favorably for future demand [2] - First-quarter revenue for Nvidia surged 262% year over year to $26 billion, while net income rose 628% to $14.9 billion, reflecting strong financial performance [2] Group 3: Broadcom - Broadcom announced a 10-for-1 stock split expected to take effect on July 15, with a current stock price of $1,735 per share [4] - The company reported a 43% year-over-year revenue increase to $12.5 billion in the second quarter, driven by rising AI-related demand and the acquisition of VMware, which diversifies its revenue streams [5] - Broadcom specializes in custom chips tailored to specific workloads, making its products more cost- and energy-efficient compared to mass-market alternatives [5] Group 4: Valuation Comparison - Nvidia's forward price-to-earnings (P/E) multiple is 51, while Broadcom's is 37, indicating that Broadcom is more reasonably priced despite Nvidia's stronger growth prospects [6]
Broadcom's (AVGO) Symantec Completes Australian Assessment
ZACKS· 2024-06-19 16:20
Broadcom (AVGO) has announced a significant milestone for its Symantec cybersecurity solutions, with Symantec Endpoint Security, Symantec Network Protection, and Symantec Data Loss Prevention (DLP) Cloud completing the Information Security Registered Assessors Program (IRAP) assessment.This rigorous evaluation, administered by the Australian Cyber Security Centre (ACSC), ensures that these technologies meet the highest security standards required by the Australian government.In an era where ransomware and c ...
Why Is Everyone Talking About Broadcom Stock?
The Motley Fool· 2024-06-19 14:15
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...
What's Going on With Broadcom Stock?
The Motley Fool· 2024-06-19 13:30
Broadcom is digesting a significant business acquisition that should boost revenue for the tech giant.Fool.com contributor and finance professor Parkev Tatevosian discusses what the latest developments could mean for Broadcom (AVGO -1.44%) stock investors. *Stock prices used were the afternoon prices of June 15, 2024. The video was published on June 17, 2024. ...