Broadcom(AVGO)
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Better Stock-Split Buy: Broadcom vs. Chipotle
The Motley Fool· 2024-08-03 21:01
Which stock is a better bargain today?Stock splits have been a popular market theme in recent times, with giants across industries launching these operations. Why do investors love stock splits? Because they lower the per-share price of a stock, making it easier for a broader range of investors to get in on that particular player.In a split, a company issues additional shares to current holders, a move that lowers the price without changing anything fundamental. The company's market value and the value of y ...
Broadcom Stock Outlook: Why AI Boom and VMWare Deal Spell Big Gains Ahead
Investor Place· 2024-08-03 10:48
Broadcom’s (NASDAQ:AVGO) stock is an optimistic buy in line with high AI and networking capabilities. In fiscal Q2 2024, Broadcom had net revenue of $12.5 billion, a 43% year-over-year (YOY) increase. Excluding VMware, Broadcom’s revenue grew by 12%, primarily due to a 280% surge in AI revenue.Next year, Broadcom’s AI and networking revenue may grow 40% year-on-year, with seven of the largest eight AI clusters using Broadcom Ethernet solutions. The company anticipates all mega-scale GPU deployments will be ...
Can Broadcom (AVGO) Regain Momentum After 6% Dip Post-Stock Split?
ZACKS· 2024-08-01 18:20
Broadcom (AVGO) shares have declined 6.3% since its 10-for-1 split on Jul 15. The dip can be attributed to the cooling of the AI-fueled rally on semiconductor stocks. Investors became apprehensive about the prospects of its AI chips.Over the same timeframe, shares of AVGO peers NVIDIA (NVDA) and Advanced Micro Devices (AMD) have dropped 8.9% and 19.7%, respectively, again attributable to growing investor concern over AI-related spending.However, AMD’s latest second-quarter 2024 results reflected continued s ...
The Top 3 AI Stocks to Buy Now: Summer 2024
Investor Place· 2024-07-31 20:30
In July, most AI stocks entered a correction as the rotation into sectors such as homebuilders and banks gained momentum. Still, any pullbacks in these stocks present a buying opportunity. We are in the early innings of a new technological era that could continue for decades.Nvidia’s (NASDAQ:NVDA) CEO Jensen Huang calls this ongoing shift to accelerating computing the next industrial revolution. Bloomberg Intelligence research shows that generative AI will grow at a 42% compounded annual growth rate over th ...
Why Broadcom Stock Is Surging Today
The Motley Fool· 2024-07-31 17:17
That AI stock is climbing thanks to good news on multiple fronts.Broadcom (AVGO 10.29%) stock is making big gains in Wednesday's trading. The company's share price was up 10.2% as of 11:45 a.m. ET, according to data from S&P Global Market Intelligence.Broadcom stock is getting a valuation boost thanks to recent earnings reports from Microsoft and Advanced Micro Devices that bode well for artificial intelligence (AI) demand. The semiconductor hardware and software specialist's valuation is also climbing due ...
Forget Nvidia: Billionaire Ken Griffin Raised His Position in This Rival AI Stock by More Than 500%
The Motley Fool· 2024-07-31 09:40
Griffin increased his position in a company that's reported a triple-digit increase in AI revenue.Nvidia (NVDA -7.04%) shares have soared, resulting in a major boost for investors that got in on the shares early. And many billionaire investors have benefited -- including Ken Griffin, chief executive of Citadel. Griffin initially bought Nvidia back in 2013, and as recently as late last year his fund held more than three million shares of the artificial intelligence (AI) chip giant.But Griffin wasn't a buyer ...
This Is the Best Stock-Split AI Stock to Buy Right Now
The Motley Fool· 2024-07-31 08:45
This stock is a bargain despite recent gains.The rise of artificial intelligence (AI) has led to massive stock gains for some companies. In a few cases, the increase was so significant that it prompted a company to initiate a stock split.Admittedly, the stock split may have happened for a variety of reasons, including an attempt to avoid the appearance of overvaluation. Nonetheless, when accounting for factors such as the business, growth rates, and valuation, one stock-split stock stands out as an excellen ...
Broadcom Stock Analysis: Never Mind AI, AVGO Is the Best Dividend Growth Stock
Investor Place· 2024-07-30 10:05
Most people discussing Broadcom (NASDAQ:AVGO) stock focus on artificial intelligence, and rightly so. The premier mobile chipset maker in recent periods turned its attention to data center infrastructure, such as Ethernet switching and routing silicon.Broadcom stock is seeing tremendous growth from AI chip sales. Custom AI accelerators and merchant networking chips led AI chip sales to jump 35% in the second quarter. Broadcom guides AI chips to bring in $11 billion in revenue this year, or 25% of total sale ...
What Are the Hottest 5G Stocks Right Now? 3 Top Picks.
Investor Place· 2024-07-30 10:03
The fifth generation of communication technology, aka 5G, will play a critical role in shaping a fully connected world, putting several 5G stocks in the spotlight.5G is set to take digital connectivity to new heights with greater bandwidths, speedy downloads and larger data capacity. The network will drive new technologies from IoT (Internet of Things) to AR/VR and the metaverse. Its impact will be felt across industries, from semiconductors to real estate. Given the broad use cases, it is no surprise that ...
Broadcom Stock Analysis: Is AVGO Headed Back Down to the $130s?
Investor Place· 2024-07-29 13:28
Veteran investment commentator Mark Hulbert wrote an appropriately-timed commentary for MarketWatch on July 22 that discussed how Broadcom (NASDAQ:AVGO) stock and 24 others were most likely to crash.Hulbert highlighted the contrarian market indicator “U.S. Crash Confidence Index,” created in 1984 by Robert Shiller, the Yale professor best known for the CAPE ratio (cyclically adjusted price-to-earnings ratio), which is like the P/E ratio, except that the CAPE adjusts earnings to account for inflation.Accordi ...