Broadcom (AVGO) is set to report its second-quarter fiscal 2024 results on June 12.The Zacks Consensus Estimate for revenues is pegged at $12.04 billion, suggesting growth of 37.88% from Q2 2023 reported figures.The consensus mark for earnings has increased 0.8% to $10.79 per share over the past 30 days, indicating 4.55% growth from Q2 2023.Broadcom’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average earnings surprise being 2.81%.Fiscal second-quarter results are expe ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Nvidia isn't the only chipmaker that's experiencing huge revenue growth thanks to AI.Nvidia (NVDA -0.09%) has emerged as the dominant force in the AI data center chip industry. As big tech ramps up spending on new artificial intelligence (AI) models, Nvidia's cutting-edge graphics processing units (GPUs) have been critical to their needs for rapid computational power.Nvidia commands an estimated 80% of the AI chip market. As a result, its stock price has rocketed higher -- joining the $1 trillion club last ...

Warren Buffett's secret $646 million portfolio contains more than seven-dozen securities -- three of which happen to be market-leading artificial intelligence (AI) stocks.For the last six decades, Berkshire Hathaway (BRK.A 0.37%) (BRK.B 0.64%) CEO Warren Buffett has been dazzling Wall Street with his investing prowess. Whereas the benchmark S&P 500 has delivered a respectable gain, including dividends, of a little over 35,000% since Buffett took over as CEO, the affably named "Oracle of Omaha" has overseen ...

Both companies are targeting the same niche within the AI chip market.The PHLX Semiconductor Sector index has logged healthy gains of nearly 23% so far in 2024, and that's not surprising as the robust demand for artificial intelligence (AI) chips has been a driving force for this industry. However, not all companies have benefited from the surge in semiconductor stocks this year.For example, shares of Broadcom (AVGO 0.38%) and Marvell Technology (MRVL -0.16%) are up only 19% and 10%, respectively, so far th ...

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. ...

Nvidia unveiled a 10-for-1 stock split after a historic run for the stock. This semiconductor bigwig could be the next to split its shares.The advent of artificial intelligence (AI) has been a boon to many companies, but arguably none more so than Nvidia (NVDA -1.18%). As the leading supplier of processors used for AI, the company has experienced unprecedented growth. In the company's fiscal 2025 first quarter (ended April 28), Nvidia's revenue grew 262% year over year to $26 billion, while its earnings per ...

The diversified chipmaker is set to capitalize on the AI boom.Broadcom (AVGO -0.84%) hasn't gotten as much attention as some other artificial intelligence (AI) stocks, but the company expects to see demand for chips ramp up due to the increase in generative AI-driven infrastructure.Broadcom does a lot of things and it has been a prolific acquirer over its history, recently taking over VMware. Among its specialties are custom chips and networking chips. Both categories are likely to see a spike in demand fro ...

The S&P 500 achieved a record high for the 25th time this year, powered by technology stocks. The multiple reports signaling slowing growth in the world's largest economy revived the Fed rate cuts bets once again, leading to a strong rally. Traders now see a nearly 69% chance of a September rate reduction, according to the CME's FedWatch tool, compared with around 50% last week.While most of the stocks have performed well, we have highlighted five of them that led the way higher in yesterday's trading sessi ...

Analyst Estimates for Q2 FY 2024Q1 FY 2024Q2 FY 2023Revenue$12.04 billion$11.96 billion$8.73 billionDiluted Earnings Per Share$4.88$2.84$8.15Net Income$2.22 billion$1.33 billion$3.48 billion After adjustment stripping out certain one-time expenses, non-GAAP net income is projected to be $5.33 billion, compared to $5.25 billion in the first quarter of 2024, and $4.49 billion in the second quarter of 2023. The company reported increased restructuring costs after acquiring software firm VMware and indicated it ...