Leading semiconductor company Broadcom Inc. NASDAQ: AVGO underwent a 10-for-1 stock split on July 12, 2024. Predictably, its shares surged upon announcing the split and ran into the actual split. Shares have since pulled back 17% off its highs and could present a buying opportunity for investors waiting for pullbacks on chip companies.Broadcom has been a benefactor of the artificial intelligence (AI) boom in the computer and technology sector. With a strong roster of the world’s largest hyperscalers as cust ...

Shares in chipmakers and the semiconductor sector have recently experienced a significant pullback. The VanEck Semiconductor ETF NYSE: SMH, a leader with over 37% gains year-to-date, has entered correction territory, falling over 15% from its 52-week high. This decline has affected several top holdings, including AMD, down nearly 40%; AVGO, down over 18%; and the sector's giant, NVDA, down almost 20% from its 52-week high. As the sector corrects amidst a broader market rotation and reallocation of funds, th ...

Broadcom (NASDAQ:AVGO) has been riding high on the artificial intelligence wave that electrified the tech sector. The company’s strong position in networking infrastructure and custom AI chips for hyperscalers like Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and Amazon (NASDAQ:AMZN) has investors salivating over its growth prospects. Couple that with the $61 billion VMware acquisition to bolster its software and cloud offerings, and it’s no wonder Broadcom stock skyrocketed 62% over the past year.To make the stock ...

If analysts are right, these two stocks could soar by more than 30%.Nvidia's (NVDA 0.69%) share price has declined significantly in 2024. Yes, you read that correctly. At the beginning of the year, Nvidia's share price was around $492. Today, the share price is less than one-fourth of that amount. Of course, there's a good reason for this "decline": Nvidia conducted a 10-for-1 stock split following the market close on June 7. In reality, the stock has soared more than 120% year to date. Is Nvidia the best s ...

Wall Street rarely sees two trends like artificial intelligence (AI) and stock-split euphoria competing for attention. AI drove record highs for major indices in 2024, while stock splits, though cosmetic, also fueled market excitement for certain names.Stock splits come in forward or reverse types, with forward splits being more popular among investors. Forward splits lower share prices to attract investors, while reverse splits raise prices to meet exchange standards. In 2024, high-profile companies, such ...

Semiconductors power many devices that you use every day. You can find this technology in your computer, car, refrigerator, and other everyday items. Chipmakers have reported rising revenue and earnings for years, but artificial intelligence has taken these companies to new heights.Artificial intelligence is a booming industry that’s projected to maintain a 36.6% compound annual growth rate from now until 2030. Corporations rely on AI chips to keep AI applications functional, and those apps require more com ...

Both make products that are vital to AI proliferation.Stock splits often ignite a new interest in some stocks, as a lower stock price makes the investment feel like investors are getting a better deal. While stock splits are mostly a cosmetic effect, their psychological effect on investments is a far bigger deal.However, two companies that recently have undergone stock splits, Nvidia (NVDA -1.72%) and Broadcom (AVGO -1.37%), are two that didn't need more interest sparked in the stock. Regardless, both are s ...

The latest trading session saw Broadcom Inc. (AVGO) ending at $149.26, denoting a -1.37% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily loss of 0.51%. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, lost 0.93%. Heading into today, shares of the chipmaker had lost 4.94% over the past month, lagging the Computer and Technology sector's loss of 2.41% and the S&P 500's loss of 0.26% in that time. The upcoming earnings release of Broadcom Inc. wi ...

Since closing at a record high less than 10 days ago, the benchmark S&P 500 index has been on the back foot. For the moment, it's not looking like a whole lot more than a healthy mid-rally correction. After all, it had logged almost 40% of gains this year so far, and some questions were starting to be asked about the short-term health of the rally. An increasing reliance on a few heavyweight tech stocks over recent months, sketchy earnings in the past few weeks, and a cyclical shift from large-cap to small- ...

It was a bit of a head-scratcher, and could be a buying opportunity.Shares of artificial intelligence (AI) chip names Broadcom (AVGO -7.59%), Taiwan Semiconductor Manufacturing (TSM -5.90%), and Arm Holdings (ARM -8.16%) were falling on Wednesday, down 6.7%, 5.1%, and 7.7%, respectively, as of 3:28 p.m. ET.None of these companies reported news today, but the entire artificial intelligence chip cohort seemed to be taking it on the chin after tech giants Alphabet and Tesla reported earnings last night that fa ...