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Broadcom Stock Could Enter the ‘Buy Zone' Ahead of Earnings
Investor Place· 2024-07-19 10:40
During June and July, things got a bit overheated with Broadcom (NASDAQ:AVGO) shares. Prior to its July 15 ten-for-one stock split, Broadcom stock was trading at around $175 per share. Since the split, however, this much-followed AI infrastructure play has started to pull back.Now at around $156 per share, although the stock is inching higher as of this writing, don’t assume just yet that the post-split pullback has screeched to a halt. Investors are finally concluding that the recent split does nothing to ...
Nvidia and Broadcom Completed 10-for-1 Stock Splits. History Says the Artificial Intelligence (AI) Stocks Will Do This Next
The Motley Fool· 2024-07-19 08:45
These semiconductor stocks have been rewarding investments, but history portends more upside for shareholders by mid-2025.UBS analysts estimate that artificial intelligence (AI) spending will approach $1.2 trillion annually by 2027. Semiconductor companies Nvidia (NVDA 2.63%) and Broadcom (AVGO 2.91%) have already benefited from that opportunity, and enthusiasm about their ability to monetize AI has driven both stocks higher.Since November 2022, shares of Nvidia and Broadcom have advanced 765% and 300%, res ...
Is Broadcom Stock Going to $210? 1 Wall Street Firm Thinks So.
The Motley Fool· 2024-07-18 18:44
This top data center play has delivered outstanding returns to investors over the past two years.Broadcom (AVGO 0.51%), an infrastructure technology leader, has delivered market-smashing returns to investors in recent years. Despite a recent dip in the share price, analysts at TD Cowen believe investors should stay the course. The firm recently adjusted its price target to $210, down from $1,750, to account for the recent 10-for-1 stock split. The shares trade around $155 at the moment after hitting a 52-we ...
Here's Why Broadcom Stock Rose 44% in the First Half of 2024
The Motley Fool· 2024-07-17 18:47
AI is fueling demand for this semiconductor stock.Shares of Broadcom (AVGO -7.40%) climbed 43.8% in the first six months of the year, according to data provided by S&P Global Market Intelligence. Investors reacted to strong quarterly earnings driven by demand for hardware supporting artificial intelligence (AI) applications. That trend lifted several semiconductor stocks during the first half of 2024. Investors also seemed pleased with Broadcom's stock split, which was announced in June.Broadcom helped to l ...
Broadcom: Hanging On To One Of My Favorite Dividend Growth Stocks
Seeking Alpha· 2024-07-17 11:00
A view of Broadcom's corporate headquarters. JHVEPhotoIt's been about 15 years since I have followed the theoretical aspects of investing. As a real-money investor, I have been putting my money where my keyboard is for almost seven years. In that time, I have been eager to absorb as much wisdom from the investing greats as possible. In my view, former fund manager at Fidelity Investments' Magellan Fund, Peter Lynch, belongs on the proverbial Mount Rushmore of investing legends. Here is one of my favorite ...
Broadcom Stock Is Still a Buy After 10-for-1 Split
Investor Place· 2024-07-17 10:20
Beginning with Monday’s opening bell, Broadcom (NASDAQ:AVGO) stock began trading at its new slimmed-down price of just under $170 a share. Following its 10-for-1 stock split on July 12, the artificial intelligence chipmaker was now available for a more affordable price.Investors, though, weren’t rushing in. Where smartphone chipmaker’s daily volume over the first 10 trading days of July averaged over 38 million shares, yesterday’s volume stood at 22.8 million shares.Was it just the stock split that caused i ...
Broadcom Just Split Its Stock. History Says This Is What the Stock Will Do Next.
The Motley Fool· 2024-07-17 09:25
Broadcom stock has soared in the triple digits over the past three years.In recent months, stock splits have stirred up a lot of excitement in an already effervescent bull market. Companies in a wide variety of industries, from retail to technology, have launched these splits to bring down the prices of their shares after a long period of gains. Investors generally applaud stock splits because a lower per-share price makes it easier for a wider range of buyers to get in on the investment opportunity.Technol ...
1 Vanguard Index Fund to Buy That Soared 1,500% in 15 Years, With Help From Stock-Split AI Stocks Nvidia and Broadcom
The Motley Fool· 2024-07-17 08:44
This Vanguard index fund provides exposure to a plethora of artificial intelligence stocks, including Microsoft, Apple, Nvidia, Broadcom, and Advanced Micro Devices.The Vanguard Information Technology ETF (VGT 0.12%) returned 1,500% during the last decade and a half, growing by 20.3% annually. At that pace, $400 invested monthly in the exchange-traded fund (ETF) would now be worth more than $350,000.Those monster gains were due in part to artificial intelligence (AI) stocks Nvidia (NVDA -1.62%) and Broadcom ...
CEO Hock Tan Sold 7,500 Shares of Broadcom (AVGO) Stock
Investor Place· 2024-07-16 18:19
Semiconductor stalwart Broadcom (NASDAQ:AVGO) finally started to see some weakness hit its otherwise incredible market performance. Following news that CEO Hock Tan offloaded 7,502 shares of AVGO stock, the high-flying equity dipped conspicuously. The red ink comes amid rising concerns that the broader artificial intelligence (AI) ecosystem could be overstretched.According to a report by Investing, Tan — who also serves as Broadcom’s president — sold the aforementioned stake on July 11. The sale amount came ...
Tech Leader's Stock Split: Is It the Right Time to Buy?
MarketBeat· 2024-07-16 16:16
Broadcom TodayAVGOBroadcom$168.36 -3.06 (-1.79%) 52-Week Range$79.51▼$185.16Dividend Yield12.47%P/E Ratio7.24Price Target$170.64Add to WatchlistBroadcom Inc. NASDAQ: AVGO, a global technology powerhouse specializing in semiconductor and infrastructure software solutions, recently announced a 10-for-1 forward stock split, effective July 12, 2024. This move has sparked renewed interest in Broadcom’s stock, leading many investors and Broadcom’s analyst community to question whether the split signals a compelli ...