Broadcom Inc. (AVGO) stock suffered its worst rout since the pandemic on Friday after the company’s tepid revenue forecast discouraged investors who have been betting on robust demand for artificial intelligence (AI) chips to drive the company’s growth. But is it the right time to sell the stock, or should you rather remain bullish and consider this as a buying prospect? Let’s have a look –   Broadcom Falls Behind Q3 ExpectationsBroadcom recently posted positive fiscal third-quarter earnings, but it wasn’t ...

Broadcom stock is down 15% over the past couple of days.In today's video, I will be talking about recent updates regarding Broadcom (AVGO 0.10%). Check out the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Sept. 6, 2024. The video was published on Sept. 9, 2024. ...

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Jose Najarro has positions in Alphabet, Marvell Technology, Meta Platforms, Microsoft, and Nvidia. The Motl ...

The company is an important player in the artificial intelligence space.For the most part, equity analysts are a cautious bunch. They tend to set price targets for stocks that are not too outrageously higher or dramatically lower than current market levels.So it it catches investors' eyes when a pundit establishes or maintains an outlier target. Such is the case with Broadcom (AVGO -10.36%) stock and one of its more eager analyst advocates.One analyst sees a 53% upside potentialLast week, KeyBanc's John Vin ...

Investors who missed out on Broadcom’s NASDAQ: AVGO first post-stock-split dip have another opportunity. Down 10% following its Q3 results and guidance, it is a knee-jerk move driven by market sentiment and not operational quality, which is superb and sets up the market for a trend-following entry.Broadcom TodayAVGOBroadcom$136.99 -15.83 (-10.36%) 52-Week Range$79.51▼$185.16Dividend Yield1.53%P/E Ratio5.89Price Target$189.38Add to WatchlistTrend-following investors who have waited for Broadcom to return to ...

Analysts expect all three stocks to rise over the next 12 months.Nvidia (NVDA -4.08%), Broadcom (AVGO -10.36%), and Super Micro Computers (SMCI -6.79%) (also known as Supermicro) share several things in common. All three companies have profited from the surging demand for artificial intelligence (AI). All three have declared 10-for-1 stock splits in 2024. Each stock has soared this year but pulled back significantly in recent weeks.Another common denominator between Nvidia, Broadcom, and Supermicro is that ...

Nvidia and Broadcom have had their time to shine. Now a legal monopoly, and a company whose stock has gained nearly 125,000% since its IPO, are set to conduct stock splits.Although artificial intelligence (AI) has been the talk of Wall Street for much of the last two years, the euphoria surrounding companies enacting stock splits has been an equally important catalyst for the stock market in 2024.A stock split is a tool publicly traded companies have at their disposal that allows them to cosmetically alter ...

peshkovShares of Broadcom (NASDAQ:AVGO) crashed 10% on Friday after the hardware maker reported better than expected earnings for its third fiscal quarter. Despite a 47% year-over-year increase in revenue in the last quarter, which was driven by a continual boom in the artificial intelligence market, the earnings report fell into a week of weak macro data. Chip stocks had an especially bad week last week as investors panicked over a poor reading of the labor market data. In my opinion, Broadcom is in a ...

Sundry Photography What Happened in 3Q FY2024 Broadcom's (NASDAQ:AVGO) stock dropped 10% following its 3Q FY2024 earnings report. Despite strong growth in the Infrastructure Software segment, much of it was driven by VMware, while AVGO's core software business saw a sharp deceleration, growing only 3.3% compared to 34% YoY in the previous quarter. However, AI-related revenue continued its robust growth, implying at least a 174% YoY increase in 3Q, and the company raised its AI revenue outlook for 4Q. Me ...

Nvidia, Super Micro Computer, and Broadcom have all been at the center of stock splits this year.It's no secret that semiconductor stocks have been particularly big winners amid the artificial intelligence (AI) revolution. With share prices skyrocketing, several high-profile chip companies have opted for stock splits this year. Some AI chip stock-split stocks you might recognize include Nvidia (NVDA -4.08%), Super Micro Computer (SMCI -6.79%), and Broadcom (AVGO -10.36%).Indeed, each of these stocks has don ...