It may not be the news that Tesla (NASDAQ:TSLA) CEO Elon Musk wants to hear, but Interactive Brokers Chief Strategist Steve Sosnick believes semiconductor and infrastructure specialist Broadcom (NASDAQ:AVGO) should replace TSLA on the list of so-called “Magnificent Seven” stocks. Earlier today, Sosnick placed great emphasis on the ability to leverage artificial intelligence (AI) as a compelling argument for Broadcom stock. “Broadcom captures the whole zeitgeist of the moment right now […] It’s an AI stock m ...

Key TakeawaysBroadcom stock is continuing to rise, setting a new all-time intraday high Monday.Shares have soared since last week's quarterly revenue beat and 10-for-1 stock split announcement.A number of large companies have announced splits in recent months, including Walmart, Chipotle Mexican Grill, and Nvidia. Shares of semiconductor maker Broadcom (AVGO) continued rising Monday, setting a fresh record high and extending a stretch that began with last week's earnings report, which included the announcem ...

Sentiment on Wall Street is rising for the semiconductor and networking specialist ahead of its 10-for-1 stock split.Shares of Broadcom (AVGO 4.24%) surged higher today to kick off the week, jumping as much as 4.9%. As of 11:51 a.m. ET on Monday, the stock was still up 3.67%.The catalyst that sent the artificial intelligence (AI) specialist higher was growing bullishness on Wall Street ahead of its high-profile stock split.A lot to likeLast week, Broadcom released robust financial results and announced a st ...

Have you evaluated the performance of Broadcom Inc.'s (AVGO) international operations for the quarter ending April 2024? Given the extensive global presence of this chipmaker, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth.In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and trajectory of growth. For investo ...

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. ...

Loading...Loading...Broadcom Inc. (NASDAQ) is not only holding its position in the datacenter and AI Ethernet switching market but is also making significant strides forward. With its stock currently trading at $1,735.04, Broadcom is expected to achieve notable gains, targeting a price of $2,000 by December, according to JPMorgan.Dominating With 80% Market ShareAccording to analyst Harlan Sur of JPMorgan, Broadcom holds a commanding 80% market share in the $5-7 billion datacenter/AI Ethernet switching and r ...

Following in Nvidia's footsteps, Broadcom is doing a 10-for-1 stock split.Investors went wild for Nvidia's (NVDA 1.75%) stock split.Shares of the artificial intelligence (AI) chip leader jumped 27% from the stock split announcement on May 22 to the execution of the split on June 7.The gains were enough to put Nvidia past the $3 trillion market cap mark and within a hair of becoming the most valuable company in the world. (It's in a close three-way race with Apple and Microsoft.) While a strong first-quarter ...

Broadcom announced a 10-for-1 stock split in conjunction with its earnings, where it showed off two hyper-growth product segments.On its recent earnings call, tech giant Broadcom (AVGO 3.34%) disclosed it would be splitting its stock 10-for-1 on July 12. Given that Broadcom's stock surged over 12% to $1,700 per share the day after its report, one could perhaps say a stock split was overdue. Of note, Broadcom's stock split won't change the value of the company itself, which currently sits around $780 billion ...

高盛：博通公司(AVGO) 实力强劲,软件收入表现好于预期,预计将推动EPS上修，2Q财报回顾 ...

The semiconductor giant seems set for stronger growth thanks to the booming demand for its AI chips.Shares of Broadcom (AVGO 3.34%) have surged impressively in the past year with gains of 96%, and the good part is that this semiconductor giant looks all set to sustain its solid momentum following the mid-June release of its fiscal 2024 second-quarter results (for the three months ended May 5).Not only did the chip giant's revenue and earnings coast past consensus estimates, but management also announced a 1 ...