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Why Broadcom Stock Rallied on Monday
The Motley Fool· 2024-06-17 16:31
Sentiment on Wall Street is rising for the semiconductor and networking specialist ahead of its 10-for-1 stock split.Shares of Broadcom (AVGO 4.24%) surged higher today to kick off the week, jumping as much as 4.9%. As of 11:51 a.m. ET on Monday, the stock was still up 3.67%.The catalyst that sent the artificial intelligence (AI) specialist higher was growing bullishness on Wall Street ahead of its high-profile stock split.A lot to likeLast week, Broadcom released robust financial results and announced a st ...
Unlocking Broadcom Inc. (AVGO) International Revenues: Trends, Surprises, and Prospects
ZACKS· 2024-06-17 15:36
Have you evaluated the performance of Broadcom Inc.'s (AVGO) international operations for the quarter ending April 2024? Given the extensive global presence of this chipmaker, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth.In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and trajectory of growth. For investo ...
Broadcom Stock Analysis: There Is More Than a Stock Split That Is Causing Excitement
The Motley Fool· 2024-06-17 13:43
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. 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. ...
Broadcom's Cutting-Edge AI Networking Technology Leaves Nvidia, Marvell, Cisco Behind: JPMorgan
Benzinga· 2024-06-17 12:04
Loading...Loading...Broadcom Inc. (NASDAQ) is not only holding its position in the datacenter and AI Ethernet switching market but is also making significant strides forward. With its stock currently trading at $1,735.04, Broadcom is expected to achieve notable gains, targeting a price of $2,000 by December, according to JPMorgan.Dominating With 80% Market ShareAccording to analyst Harlan Sur of JPMorgan, Broadcom holds a commanding 80% market share in the $5-7 billion datacenter/AI Ethernet switching and r ...
Nvidia Jumped 27% After Its Stock Split Announcement. Can Broadcom Beat It?
The Motley Fool· 2024-06-17 11:40
Following in Nvidia's footsteps, Broadcom is doing a 10-for-1 stock split.Investors went wild for Nvidia's (NVDA 1.75%) stock split.Shares of the artificial intelligence (AI) chip leader jumped 27% from the stock split announcement on May 22 to the execution of the split on June 7.The gains were enough to put Nvidia past the $3 trillion market cap mark and within a hair of becoming the most valuable company in the world. (It's in a close three-way race with Apple and Microsoft.) While a strong first-quarter ...
Broadcom's Stock Split Isn't a Reason to Buy Shares: These 2 Reasons Are
The Motley Fool· 2024-06-17 08:45
Broadcom announced a 10-for-1 stock split in conjunction with its earnings, where it showed off two hyper-growth product segments.On its recent earnings call, tech giant Broadcom (AVGO 3.34%) disclosed it would be splitting its stock 10-for-1 on July 12. Given that Broadcom's stock surged over 12% to $1,700 per share the day after its report, one could perhaps say a stock split was overdue. Of note, Broadcom's stock split won't change the value of the company itself, which currently sits around $780 billion ...
高盛:博通公司(AVGO) 实力强劲,软件收入表现好于预期,预计将推动EPS上修,2Q财报回顾
AIGC人工智能· 2024-06-17 05:34
高盛:博通公司(AVGO) 实力强劲,软件收入表现好于预期,预计将推动EPS上修,2Q财报回顾 ...
Broadcom Announces a 10-for-1 Stock Split. Time to Buy?
The Motley Fool· 2024-06-16 13:00
The semiconductor giant seems set for stronger growth thanks to the booming demand for its AI chips.Shares of Broadcom (AVGO 3.34%) have surged impressively in the past year with gains of 96%, and the good part is that this semiconductor giant looks all set to sustain its solid momentum following the mid-June release of its fiscal 2024 second-quarter results (for the three months ended May 5).Not only did the chip giant's revenue and earnings coast past consensus estimates, but management also announced a 1 ...
Finally, Broadcom Is Splitting Its Stock. But Does It Matter?
The Motley Fool· 2024-06-16 11:42
Prospective buyers should look beyond the sudden rise in Broadcom stock following the announcement.Many investors may have missed the rise of Broadcom (AVGO 3.34%). As a business-to-business chip and software designer, it may have escaped the notice of many consumer-oriented investors.Nonetheless, amid a nominal stock price of approximately $1,700 per share, Broadcom has finally offered its first stock split (not counting the splits before the old Broadcom was bought by the current company once known as Ava ...
6 Artficial Intelligence (AI) Stocks Are Worth Over $1 Trillion. Here Are the 2 Most Likely to Join the Club Next.
The Motley Fool· 2024-06-16 10:01
AI tailwinds could push these two semiconductor stocks into the elite $1 trillion club.Take a look at a list of the largest companies in the world based on market cap, and you might notice a common thread for most of them: The biggest members of the group have bet heavily on artificial intelligence (AI). And those bets seem to be paying off.Currently, six AI stocks are worth over $1 trillion. They could have company in the not-too-distant future. Here are the top six -- and the two AI stocks most likely to ...