The ongoing artificial intelligence rally in the stock market has significantly benefited companies like Broadcom (NASDAQ: AVGO), driving substantial growth and investor interest. The company’s impressive performance, promising guidance, and stock growth have made it a standout player in the tech sector. Broadcom’s recent second fiscal quarter earnings report, released on Wednesday (June 12), exceeded analysts’ expectations, showcasing the company’s strong foothold in the market.Broadcom’s financial perform ...

G0d4ather Thesis In my previous article about Broadcom, Inc. (NASDAQ:AVGO) I upgraded the stock from "buy" to "strong buy", explaining that the fair price indicated by my model now stood at $2,006.62, which showed a 53.3% upside from the stock price at that time of $1,308.72. Then, for 2029, the stock price could climb up to $3,676.77, translating into 30.8% annual returns. Broadcom reported Q2 2024 earnings on Wednesday, June 12. Broadcom reported a non-GAAP EPS of $10.96 for the quarter, which beat es ...

Broadcom shares have soared well past $1,000 in recent times.The artificial intelligence (AI) boom has been a boon to technology companies and those who invest in them in recent times. Players that develop tools or equipment to power AI projects have climbed the most, often in the triple or quadruple digits over the period of a few years. That's because AI customers have flocked to these companies, driving their earnings higher too.Broadcom (AVGO 3.34%) is one of these AI stars. The semiconductor and infras ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

alvarez/E+ via Getty ImagesBroadcom (NASDAQ:AVGO) delivered better than expected earnings results for the second fiscal quarter on Wednesday that helped to make quite an impression: the firm saw double-digit top-line momentum, beat earnings and top-line estimates by wide margins, due to strong demand for the company’s AI products, and Broadcom announced a 10-for-1 stock split which is set to make shares more appealing to investors. However, shares of the tech firm are quite expensive now and trade well ...

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 arguably the most-popular artificial intelligence (AI) stock next to Nvidia is set to join an exclusive club of more than a half-dozen top-tier businesses that are conducting a stock split in 2024.Similar to the planets aligning, a unique event has been unfolding on Wall Street in recent weeks. Namely, we've witnessed two of the hottest go-to trends intersecting: artificial intelligence (AI) and stocks enacting splits.Stock splits are conducted by publicly traded companies as a superficial means to a ...

Wall Street analysts are boosting their price targets ahead of Broadcom's high-profile stock split.There's no getting around the impact of artificial intelligence (AI) in tech circles since early last year, and Broadcom (AVGO 12.27%) is a key player in the space. The company's semiconductors and data center infrastructure play a critical part in the AI ecosystem, which has lit a fire under the stock. Its price has nearly doubled over the past year, resulting in a high-profile stock split.In the wake of Broa ...

JHVEPhoto I had a "Sell" rating for Broadcom Inc. (NASDAQ:AVGO) in my previous report, highlighting its strong growth in the AI semiconductor business and the issue of holding numerous legacy software businesses. The company released its fiscal Q2 FY24 results on June 12th with the AI business growing by 280% year-over-year. The company anticipates its AI revenue will reach 25% of group revenue by FY24. I appreciate Broadcom's position in the AI networking and storage markets; however; I am not comfortable ...

Key TakeawaysThe S&P 500 added 0.2% on Thursday, June 13, 2024, extending its string of record closes as the latest producer price index data reaffirmed a cooldown in inflation.Broadcom shares soared after the chipmaker topped quarterly sales estimates, citing strong demand for AI products. Shares of Paramount Global tumbled amid reports that its controlling stakeholder ended merger negotiations with Skydance Media. The S&P 500 and Nasdaq Composite extended their winning streaks Thursday after another infla ...