Broadcom(AVGO)
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Nvidia Soared Almost 30% Ahead of Its Stock Split. Can Broadcom Do the Same?
The Motley Fool· 2024-06-16 09:43
Both stocks have climbed in the triple digits over the past few years.Investors cheered when Nvidia (NVDA 1.75%) announced a 10-for-1 stock split during its earnings report in late May. And in the two weeks that followed -- the time leading up to the operation -- the shares climbed nearly 30%. Investors like stock splits because they bring the prices of high-flying stocks down, opening them up to a broader range of buyers, and they show the particular company is confident about its future -- the idea is the ...
Meet Wall Street's Newest Artificial Intelligence (AI) Stock-Split Stock (No, It's Not Nvidia)
The Motley Fool· 2024-06-16 08:59
Broadcom just posted strong quarterly financial results, accompanied by plans for a 10-for-1 stock split.Some companies create so much value over the long term that their stock prices soar into the hundreds, or even thousands of dollars, making them somewhat inaccessible to smaller investors.For example, Nvidia stock recently traded above $1,200 following a whopping 205% gain over the past year, as sales surged for its artificial intelligence (AI) data center chips. As a result, the company just executed a ...
The 3 Best Stocks to Invest In for Big Gains in 2024: June Edition
Investor Place· 2024-06-15 19:00
The best stocks to invest in are skyrocketing right now, driven higher by catalysts and bullish sentiment. Certain stocks continue pushing upwards to new 52-week, record highs. While some investors might be worried about buying hot stocks at their peak only to ride them lower, that doesn’t appear to be the case with certain securities.Strong long-term catalysts have kept the wind in the sails in the best stocks to invest in and they look likely to outperform as we enter the year’s second half. Investors who ...
Wall Street vs. ChatGPT-4o: 1-year price targets for Broadcom
Finbold· 2024-06-15 14:33
The ongoing artificial intelligence rally in the stock market has significantly benefited companies like Broadcom (NASDAQ: AVGO), driving substantial growth and investor interest. The company’s impressive performance, promising guidance, and stock growth have made it a standout player in the tech sector. Broadcom’s recent second fiscal quarter earnings report, released on Wednesday (June 12), exceeded analysts’ expectations, showcasing the company’s strong foothold in the market.Broadcom’s financial perform ...
Broadcom: There's A Potential $18.75B In Extra AI Infrastructure Revenue To Be Made
Seeking Alpha· 2024-06-15 09:23
G0d4ather Thesis In my previous article about Broadcom, Inc. (NASDAQ:AVGO) I upgraded the stock from "buy" to "strong buy", explaining that the fair price indicated by my model now stood at $2,006.62, which showed a 53.3% upside from the stock price at that time of $1,308.72. Then, for 2029, the stock price could climb up to $3,676.77, translating into 30.8% annual returns. Broadcom reported Q2 2024 earnings on Wednesday, June 12. Broadcom reported a non-GAAP EPS of $10.96 for the quarter, which beat es ...
Broadcom Just Announced a Stock Split. Time to Buy?
The Motley Fool· 2024-06-15 08:38
Broadcom shares have soared well past $1,000 in recent times.The artificial intelligence (AI) boom has been a boon to technology companies and those who invest in them in recent times. Players that develop tools or equipment to power AI projects have climbed the most, often in the triple or quadruple digits over the period of a few years. That's because AI customers have flocked to these companies, driving their earnings higher too.Broadcom (AVGO 3.34%) is one of these AI stars. The semiconductor and infras ...
Broadcom Inc. (AVGO) is a Great Momentum Stock: Should You Buy?
ZACKS· 2024-06-14 17:01
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...
Broadcom: Beware The FOMO Rally
Seeking Alpha· 2024-06-14 10:30
alvarez/E+ via Getty ImagesBroadcom (NASDAQ:AVGO) delivered better than expected earnings results for the second fiscal quarter on Wednesday that helped to make quite an impression: the firm saw double-digit top-line momentum, beat earnings and top-line estimates by wide margins, due to strong demand for the company’s AI products, and Broadcom announced a 10-for-1 stock split which is set to make shares more appealing to investors. However, shares of the tech firm are quite expensive now and trade well ...
Should You Buy Broadcom Stock After the Stock-Split Announcement?
The Motley Fool· 2024-06-14 08:45
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. ...
Meet Wall Street's Newest Stock-Split Stock: The Hottest Artificial Intelligence (AI) Company Not Named Nvidia
The Motley Fool· 2024-06-14 08:06
What's arguably the most-popular artificial intelligence (AI) stock next to Nvidia is set to join an exclusive club of more than a half-dozen top-tier businesses that are conducting a stock split in 2024.Similar to the planets aligning, a unique event has been unfolding on Wall Street in recent weeks. Namely, we've witnessed two of the hottest go-to trends intersecting: artificial intelligence (AI) and stocks enacting splits.Stock splits are conducted by publicly traded companies as a superficial means to a ...