Key TakeawaysThe S&P 500 lost 1.7% on Friday, Sept. 6, as weakness in the August jobs report added to uncertainty about the economy's stability.Broadcom shares plunged after the chipmaker reported a quarterly loss and issued lower-than-expected sales guidance.Tesla shares fell amid reports on possible regulatory challenges for its full self-driving technology and questions about its market share in China. Major U.S. equities indexes plunged following the release of the latest employment report, which showed ...

Key TakeawaysBroadcom shares tumbled Friday after the company’s outlook disappointed investors, but Bank of America and Jefferies analysts said Broadcom's fall could present an opportunity to buy.Bank of America called Broadcom a “top compute pick,” citing the chipmaker's potential for growth driven by surging artificial intelligence demand.Bank of America, Jefferies, and every other analyst covering Broadcom tracked by Visible Alpha on Friday held a "buy" or equivalent rating for the stock. Broadcom (AVGO) ...

Investors were unimpressed with the chip giant's latest report.Shares of Broadcom (AVGO -9.70%) were heading lower on Friday after the semiconductor and software giant posted good-but-not-good-enough results in its fiscal third-quarter earnings report and guidance was weaker than expected.As of 3:10 p.m. ET, the stock was down 9.7% on the news. Broadcom can't keep up with expectationsBroadcom's quarterly results were solid, edging past estimates, but the stock has already soared this year on high hopes for ...

Analysts see long-term strength for Broadcom Inc AVGO after the company reported quarterly financial results.The Broadcom Analysts:Bank of America analyst Vivek Arya reiterated a Buy rating with a $215 price target.KeyBanc analyst John Vinh maintained an Overweight rating with a $210 price target.Cantor Fitzgerald analyst C.J. Muse reiterated an Overweight rating with a $200 price target.Benchmark analyst Cody Acree reiterated an Overweight rating with a $200 price target.Goldman Sachs analyst Toshiya Hari ...

Broadcom (AVGO) reported third-quarter fiscal 2024 non-GAAP earnings of $1.24 per share, beating the Zacks Consensus Estimate by 3.33% and increasing 18.1% year over year.Net revenues surged 47.3% year over year to $13.07 billion, surpassing the Zacks Consensus Estimate by 1.31%. The top-line growth was driven by strong demand for AI semiconductor solutions and VMware.However, AVGO shares were down more than 7% in pre-market trading following a disappointing fourth-quarter fiscal 2024 guidance. The stock ha ...

Semiconductor stock Broadcom Inc (NASDAQ:AVGO) is down 9.1% to trade at $138.97, after the company reported worse-than-expected revenue guidance for its fiscal fourth quarter, overshadowing top- and bottom-line beats for the third quarter.In response to the results, Morgan Stanley raised its price target to $180 from $176, while Truist Securities adjusted lower to $204 from $204.50. Coming into today, the 12-month average target price of $194.64 was a 35.7% premium to last night's close, while 29 covering b ...

Is Broadcom a true competitor to Nvidia?In today's video, I discuss Nvidia (NVDA 0.94%), Broadcom (AVGO -0.84%), and recent artificial intelligence (AI) news impacting the semiconductor market. Check out the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were the after-market prices of Sept. 5, 2024. The video was published on Sept. 5, 2024. ...

AI is just getting started, and these companies are setting themselves up to benefit.Artificial intelligence (AI) has quickly become an investing theme for many people as they've experienced first-hand the benefits of using AI. But with an increasing number of tech companies betting on this new frontier, it can be hard to sift through the AI hype and find the companies that are actually worth investing in.Here are three AI stocks that are making a significant impact in the space and why they're worth buying ...

After holding fairly steady with only a modest 0.84% decline during September 5 trading, Broadcom (NASDAQ: AVGO) stock tumbled 9.38% from its close at $152.82 to its latest recorded price of $138.49.AVGO stock 1-day and after-hours price chart. Source: GoogleThe fall was triggered by the publishing of the semiconductor and infrastructure provider’s latest earnings report – published after the closing bell on September 5 –  which, despite beating revenue and earnings-per-share (EPS) forecasts, disappointed i ...

Key TakeawaysBroadcom shares tumbled nearly 7% in extended trading on Thursday after the chipmaker posted fiscal third-quarter results that topped expectations but issued light revenue guidance for the current quarter.The stock sits positioned to break down from a symmetrical triangle pattern on Friday following the company's weaker-than-expected sales outlook, potentially starting a new trend lower.Investors should monitor important lower price levels on Broadcom's chart at $141, $120, $104, and $91. Broad ...