With Broadcom's stock split approaching, can it repeat Nvidia's rise?If you believe its hype, artificial intelligence (AI) is one of the most profound advances in technology ever. This may be hyperbole -- time will tell -- but it's clear already that the technology has commercial power. Its impact in the market has been enormous, with its champion, Nvidia (NVDA -0.36%), joining Apple and Microsoft as among the biggest companies in the world.Nvidia's rise led to the company splitting its stock 10-for-1, open ...

The company's technology pervades the artificial intelligence (AI) ecosystem, but is the stock a buy before July 12?When Broadcom (AVGO 1.19%) released the results of its fiscal 2024 second quarter, ended May 5, the company delivered results that sailed past Wall Street's expectations. More intriguing for shareholders, however, was another development.In conjunction with its financial report, Broadcom's management revealed a 10-for-1 stock split. Since its announcement on Jun 12, shares have climbed 6% (as ...

DNY59Dividend investing can be quite challenging in the rapidly changing world in which we find ourselves. Many times, dividend investors may focus on dividend kings and aristocrats (NOBL) with the thought that since their business models have been able to support dividend growth every year for 25 to 50 or more years without any interruptions, they are likely to continue doing so for years to come. While this principle generally holds, there are still some glaring exceptions, as evidenced by recent mass ...

Since its inception, Broadcom Inc. (AVGO) has provided generous returns to its shareholders. The company provides various services and is a market leader in data centers and AI Ethernet switching. Its stock has gone up this year mainly on AI-optimism.Over the last decade, Broadcom has expanded appreciably. In 2016, Singapore-based Avago Tech acquired Broadcom for $37 billion and took on the Broadcom brand name. Since 2018, the company has expanded by acquiring CA Technologies for $19 billion, Symantec’s ent ...

One of these stocks is cheaper than the other right now.Nvidia (NVDA 6.76%) and Broadcom (AVGO -0.72%) both announced 10-for-1 stock splits in recent times. That's because shares of these technology giants have surged, surpassing $1,000, as demand from artificial intelligence (AI) customers boosted revenue quarter after quarter. Nvidia completed its stock split earlier this month, and Broadcom's operation is set for next month.The AI market may be in the early days of its growth story, and this is great new ...

This particular tech player has never split its stock before.Stock splits have taken the market by storm, with a broad range of companies announcing these operations to lower high-flying share prices. This is good news in general, showing these players and the market have been doing well. And the operations themselves are positive because they make it easier for a wider range of investors to buy the particular stock.The tech world has leaped to center stage in this movement, with artificial intelligence (AI ...

Broadcom Stock Has Stumbled. Why This Analyst Is Backing the Custom AI Chip Maker. ...

Trends come and go, but one in fashion again is stock splits. Two years ago, there was a frenzy of splits in the tech space. Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), Tesla (NASDAQ:TSLA) and even Shopify (NYSE:SHOP) all split their stock. But then the phenomenon died down last year. Now, it seems to be rebounding — with a twist.While tech stocks are still splitting their shares (Nvidia (NASDAQ:NVDA) recently split its shares 10-to-1), a lot of the upcoming stock splits are among more consu ...

PALO ALTO, Calif., June 25, 2024 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ:AVGO) today unveiled the latest updates to VMware Cloud Foundation (VCF), the company's flagship private cloud platform. The latest advancements in VCF support customers' digital innovation with faster infrastructure modernization, improved developer productivity, and better cyber resiliency and security with low total cost of ownership. "VMware Cloud Foundation is the industry's first private-cloud platform to offer the combined pow ...

Broadcom is the latest chip giant to announce a stock split.The stock market has gotten off to a scorching start in 2024. About midway through the year, the S&P 500 has gained roughly 15% while the tech-heavy Nasdaq Composite is up nearly 18%.One of the hottest sectors fueling the market to new heights is technology -- primarily driven by euphoria surrounding all things related to artificial intelligence (AI). As stock prices continue to surge, some companies have resorted to stock splits in an effort to op ...