I totally get it. We all want to find the “new” Nvidia (NASDAQ:NVDA). Since Broadcom (NASDAQ:AVGO) is an AI hardware company, some see it as the newest “new Nvidia.” It is risky to invest in the latest shiny metal object, so I cannot recommend Broadcom stock.I won’t win any popularity contests for this controversial take. Yet, my instinct is to zag when the crowd zigs. Broadcom is a great company in a red-hot industry, but the market knows this. Investors also know about its upcoming share split, so let’s t ...

More than a half-dozen of Wall Street's most-successful billionaire investors dumped shares of Nvidia during the March-ended quarter and made these seven stocks their top buys.Since the dawn of the internet three decades ago, no next-big-thing investment trend has turned heads quite like artificial intelligence (AI).With AI, software and systems have the ability to learn and evolve over time without human intervention, which gives the technology application in virtually all sectors and industries. It's the ...

Wall Street analysts are increasingly bullish on Broadcom ahead of its high-profile stock split.It's abundantly clear that the advent of generative AI early last year has had a pronounced effect on technology, and one of the clear beneficiaries is Broadcom (AVGO -3.70%). The company supplies semiconductors and other data center equipment that helps form the backbone of AI. The stock has been on fire, and has nearly doubled since this time last year, leading to a much-ballyhooed stock split.The company's str ...

Key TakeawaysBroadcom shares fell nearly 4% on Monday, joining a sell-off in other leading chipmakers, as investors booked profits in some of this year’s best performing stocks that have ridden Wall Street's AI wave.Momentum appeared to shift in Broadcom shares last Tuesday after the stock climbed to a new record high but staged an intraday reversal to close lower for the day. Since then, the stock has formed three consecutive red bars on above-average volume, indicating selling conviction.Key retracement l ...

Artificial intelligence has attracted plenty of capital from tech giants, fund managers, and various investors. This technology has driven up the S&P 500 and Nasdaq Composite to all-time highs as the top tech companies continue to benefit from AI tailwinds.While AI stocks seem like they can continue to soar forever, that’s not how the stock market works. Some investors will eventually take some of their profits and trim their positions. Others may become concerned about macroeconomic changes and exit their ...

Broadcom (NASDAQ:AVGO) and Bytedance are leading artificial intelligence (AI) stocks news on Monday following news of a partnership to develop new chips.According to insiders, Broadcom and Bytedance are working together to develop advanced 5-nanometer AI chips. This comes as Bytedance has bought 5-nanometer chips from Broadcom in the past.Investors will also note that the reports claim that Taiwan Semiconductor (NYSE:TSM) is going to manufacture the chips for the companies. The reports also claim that these ...

Parkev Tatevosian, CFA has positions in Chipotle Mexican Grill. The Motley Fool has positions in and recommends Chipotle Mexican Grill. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

PALO ALTO, Calif., June 24, 2024 (GLOBE NEWSWIRE) -- Broadcom Inc., which recently acquired VMware, today previewed highlights of VMware Explore 2024, the industry's essential cloud event. VMware Explore 2024 will kick-off in Las Vegas on August 26–29, 2024 at The Venetian Convention and Expo Center. That event will be followed by VMware Explore 2024 in Barcelona, Spain on November 4–7, 2024 at the Fira Gran Via. VMware Explore Las Vegas will include a general session featuring Broadcom leaders, VMware expe ...

Artificial intelligence (AI) is the driving force behind two of this year's best-performing stocks.Some companies create so much long-term value that their stock price soars into the thousands of dollars. That makes it hard for smaller investors to buy one full share, so those companies often execute a stock split, which increases the number of shares in circulation, and organically reduces the price per share by a proportional amount.Artificial intelligence (AI) is creating a mind-boggling amount of value ...

Three AI beneficiaries recently announced stock splits. But which is the better buy today?With the artificial intelligence revolution in full swing, share prices of favored semiconductor stocks have been on the rise. In late May, I identified five AI stocks that were due for a stock split. Lo and behold, three have already announced splits since then: Nvidia (NVDA -3.22%), Broadcom (AVGO -4.38%), and Lam Research (LRCX -1.03%), with Nvidia having already executed its 10-for-1 split on June 7. Broadcom will ...