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3 Mega-Cap Stocks to Buy Now: August 2024
Investor Place· 2024-08-15 13:50
Most mega-cap stocks are household names. These are the corporations that have market caps above $250 billion and are the leaders within their industries. While smaller companies may grow faster than the mega-cap stocks, these giant companies are less susceptible to sharp corrections. When mega-caps do go through corrections, they almost always come back stronger.If you own a market weighted index like the S&P 500 or the Nasdaq Composite, you already have exposure to plenty of mega-cap stocks. These corpora ...
AVGO Stock Alert: How Broadcom Could Pave a Path to New Highs
Investor Place· 2024-08-15 10:22
Broadcom’s (NASDAQ:AVGO) stock may hit new highs as the semiconductor sector will integrate a sharp recovery in the fourth quarter of 2024. As per analysts at Bank of America Securities, the industry has struggled in the third quarter of 2024. The sector countered heightened volatility and macroeconomic (demand side) concerns.The iShares Semiconductor ETF (NASDAQ:SOXX) yielded negative returns during this period, reflecting the broader market’s uncertainty over the short term. However, the ETF as a sector b ...
Artificial Intelligence (AI) Stock-Split Stocks Are All the Rage on Wall Street -- But Only 1 Is a Clear-Cut Buy Right Now
The Motley Fool· 2024-08-14 09:06
Nvidia, Broadcom, and Super Micro Computer have all announced 10-for-1 stock splits. However, only one of these market leaders is worthy of investor's money. Wall Street seemingly has two loves at the moment: anything that has to do with artificial intelligence (AI) and companies conducting stock splits. What you might not realize is that these two trends are intersecting for a trio of companies. A stock split is a tool publicly traded companies have at their disposal that allows them to alter their share p ...
Will Broadcom Reach a Trillion-Dollar Market Cap by Next Year?
The Motley Fool· 2024-08-14 08:11
Artificial intelligence-related growth keeps surprising to the upside for Broadcom.The next $1 trillion company is likely to be one of the artificial intelligence winners, given the outsize growth possibilities of that sector relative to everything else in the economy.While much of the recent attention has gone to the "Magnificent Seven," semiconductor and software conglomerate Broadcom (AVGO 5.07%) has emerged as a key player in the AI races. With a lethal combination of AI-fueled hypergrowth, diversificat ...
3 Top Investing Opportunities During Stock Market Chaos
Investor Place· 2024-08-13 21:00
The current chaos that continues to roil the markets is creating a lot of headaches and material losses as major indices fall. It’s also creating top investing opportunities to capitalize as prices dip artificially low in some cases. That’s what we’ll be talking about today: Stocks to buy on the dip amidst all the current market chaos.Buying on the dip comes with its own set of pros and cons, like just about everything else. The downside is that timing the market is often difficult. What looks like an attra ...
AVGO Buy Alert: Broadcom Stock Is Poised to Benefit From the Ongoing AI Boom
Investor Place· 2024-08-13 19:08
With many signs showing the AI boom is continuing, Broadcom (NASDAQ:AVGO) will enjoy tremendous benefits from the trend going forward. What’s more, after AVGO stock declined in recent weeks, the share’s valuation looks quite attractive. And by and large, the Street appears very bullish on the name. In light of these points, I recommend long-term, conservative investors looking to benefit from the AI revolution buy AVGO stock.Multiple Signs Suggest the AI Boom ContinuesAfter hyperscalers spent large sums on ...
7 Strong Buy Stocks That Should Continue to Rally
Investor Place· 2024-08-13 10:30
Many stocks have entered corrections after strong rallies to start 2024. Some of these stocks present long-term opportunities for patient investors while others stocks will continue to dip. Seeing what analysts say about publicly-traded corporations can provide some clues about the future direction of those stocks. Analysts regularly adjust their price targets after earnings and in light of news developments. These individuals and their firms regularly stay on top of individual stocks, sectors and the broad ...
Nvidia and These Chip Stocks Could Rebound as Seasonal Headwinds Ease, BofA Says
Investopedia· 2024-08-12 20:51
Key TakeawaysSemiconductor stocks could be set to rebound in the fourth quarter as seasonal headwinds ease, according to Bank of America Securities analysts. Chip stocks have had a tough start to the third quarter, amid heightened volatility and concerns about the economy. Larger chipmakers such as Nvidia with greater exposure to the data-center market could be in a stronger position to gain, the Bank of America analysts argue. Semiconductor stocks could be set for a rebound in the fourth quarter as seasona ...
This AI Semiconductor Stock Could Join Nvidia in the Trillion-Dollar Club
The Motley Fool· 2024-08-12 16:28
This company touches every bit of data on the internet.In this video, I will cover the recent updates regarding Broadcom (AVGO 0.53%). Check out the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Aug. 9, 2024. The video was published on Aug. 10, 2024. ...
Broadcom (AVGO.US)Benefiting from AI Network Structure Revolution/ASIC Trend
Equity Research Report Broadcom (AVGO US) Benefiting from AI Network Structure Revolution/ASIC Trend Huatai Research Initiation Rating (Initiate): BUY Target price (USD): 173.23 12 August 2024 │ US Computer Devices A communication semiconductor & software giant riding on AI wave Broadcom, a global semiconductor powerhouse, has integrated the technological legacies from HP's semiconductor division, AT&T/Bell Labs, LSI, and former Broadcom through acquisitions. Since 2018, it has further expanded its business ...