The billionaire money manager behind the most-profitable hedge fund of all-time is dumping shares of artificial intelligence (AI) kingpin Nvidia in favor of three other rapidly growing stocks.What can easily be described as the most important data release of the third quarter occurred last week -- and a lot of investors probably missed it.Every quarter, institutional investors with at least $100 million in assets under management are required to file Form 13F with the Securities and Exchange Commission. In ...

pepifoto Thesis I am bullish on Broadcom (NASDAQ:AVGO): Growth is healthy, both organically and inorganically Mix shift makes a case for margin expansion and transition to negative working capital Valuation is attractive vs peers Technicals point bullish Apple and customer concentration is a key risk monitorable Growth is healthy, both organically and inorganically Broadcom made a major acquisition last year by buying cloud computing company VMWare last year for $69 billion. In these kinds of scenari ...

Benefiting handsomely from the ongoing artificial intelligence (AI) rally, Broadcom (NASDAQ: AVGO) stock recently underwent a 10-for-1 stock split, which made a purely aesthetic correction to its price. However, this may have prompted questions about its performance by December 31.2024 has brought sizable gains to AVGO stock, as it added 50.28% to its price since January 1, with 7.66% progress in the past five days, countered by a loss of 1.57% in the latest trading session on August 19, setting the price a ...

This chipmaker wins when everyone competes for AI dominance.Nvidia (NVDA 1.40%) has seen its share price soar on the back of huge artificial intelligence (AI)-related spending from big tech companies. The company's graphics processing units (GPUs) are essential infrastructure for training large language models, the backbone of generative AI. As more and more companies invest in the frontier of AI development, Nvidia has been a big beneficiary.The chipmaker joined the $1 trillion club last summer and passed ...

A total of 13 high-profile companies have announced or completed stock splits in 2024. However, Wall Street's brightest and richest money managers have mixed feelings about this group.Despite all the attention artificial intelligence (AI) has garnered on Wall Street, it's stock-split euphoria that's been giving AI a run for its money in 2024.A stock split marks an event that allows publicly traded companies to cosmetically alter their share price and outstanding share count. It's superficial in the sense th ...

As the semiconductor industry continues to thrive, fueled by the expanding demand for 5G, artificial intelligence (AI), and the Internet of Things (IoT), Broadcom (NASDAQ: AVGO) remains a standout player.With a market capitalization of $771.41 billion, Broadcom’s strong performance in both its semiconductor and infrastructure software segments positions it as a key beneficiary of these technological trends.To shed light on this, Finbold consulted ChatGPT-4 for insights into the stock’s potential performance ...

Olivier Le Moal In this series of articles, we focus on selecting and highlighting stocks that have rapidly grown their dividends in the recent past. We also need to ensure that these stocks will likely grow their earnings at a fast pace in the upcoming years. Due to their hypergrowth, their price generally grows quickly, and they usually do not pay very high current yields. With high-growth stocks, we need to be content with a lower current yield. However, please keep in mind that nothing is permanent, ...

These tech stocks recently completed 10-for-1 stock splits and offer excellent growth prospects.Companies that issue stock splits have become quite popular with investors over the last year. But it's important to understand what a stock split achieves and why companies issue them.The most common type of split is a forward stock split, where a company increases its total share count while reducing the share price. The aim is to make each share more affordable for investors, but it's not free money. You own m ...

PALO ALTO, Calif., Aug. 16, 2024 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ: AVGO), which recently acquired VMware, today announced the general session keynote speakers at VMware Explore 2024 Las Vegas, taking place August 26-29 at The Venetian Convention and Expo Center. In addition to the general session, the conference will feature a variety of breakout sessions, certification training, and labs spanning relevant technology and industry topics. On Tuesday, August 27, 2024, at 9:00 a.m. PT, Broadcom Presid ...

Improvements in the state of the economy and the growing potential for interest rate cuts fueled a broad-based market rally.There's little doubt that one of the biggest contributors to the market rally that began early last year is the growing adoption of artificial intelligence (AI). Countering that bullish sentiment, however, are lingering concerns about the ongoing battle with inflation and its impact on the economy.The Federal Reserve Bank has been resolute that it would not begin lowering interest rate ...