Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Broadcom Inc. (AVGO) .Broadcom Inc. currently has an average brokerage rec ...

PALO ALTO, Calif., March 13, 2024 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ:AVGO), the world's leading provider of fiber optic components for optical networking and communications, today announced several major accomplishments extending its market leadership with an expanded portfolio of optical interconnect solutions for artificial intelligence (AI) and machine learning (ML) applications. Broadcom's state-of-the-art optics technologies facilitate high speed interconnects for front-end and back-end networks ...

海外行业报告 | 行业动态研究 Broadcom（AVGO） 证券研究报告 2024年03月10日 作者 FY2024Q1 点评：VMware订阅超预期，AI同比增长翻倍 孔蓉 分析师 SAC执业证书编号：S1110521020002 kongrong@tfzq.com 事件：Broadcom公布2024财年第一季度财报：FY24 Q1总收入为119.61 李泽宇 分析师 亿美元（同比+34%，剔除 VMware 的贡献，同比+11%），超过彭博一致预 SAC执业证书编号：S1110520110002 期（117.57亿美元）；净利润13.25亿美元，低于彭博一致预期（34.86亿 lizeyu@tfzq.com 美元）。Non-GAAP净利润为52.54 亿美元，超过彭博一致预期（50.89亿 美元）。毛利率为 75.4%，略低于彭博一致预期（75.8%）。经营活动现金流 为 48.15 亿美元，自由现金流为 46.93 亿美元（占收入的 39%），已经开 始偿还债务。2024 财年收入指导约为 500 亿美元（包括 VMware 的贡 献），比去年同期增长 40%，调整后EBITDA指引约为预计收入的 6 ...

The U.S. stock market has been exceptionally strong, with the benchmark S&P 500 index hitting multiple record highs in early 2024. Continued optimism for artificial intelligence (AI) technologies has continued to drive up technology stocks -- a trend that is playing a key role in this stock rally.Many of these stocks, however, can see some retracement on the back of profit-taking at the end of the earnings season. This pullback can present an attractive opportunity for long-term investors to pick stakes up ...

G0d4ather Broadcom Inc. (NASDAQ:AVGO) reported a strong start to FY24 with strength across the data center and hyperscalers as AI infrastructure is adopted across various industries to accelerate business optimization. With 34% y/y revenue growth in Q1'24, Broadcom is well-positioned to cater to the next generation of IT infrastructure in the coming years. Given the firm's central role in data center software and now a hyperconverged spectrum of infrastructure, I believe Broadcom will realize significant st ...

Key PointsBroadcom shares are in a healthy correction and setting up for another rally that may start soon. AI and VMWare are driving growth, expected to accelerate as the year progresses. Analysts are raising their price targets and may catalyze a rebound that reaches new highs before mid-year. 5 stocks we like better than BroadcomThe price action in Broadcom Inc. NASDAQ: AVGO began correcting after its FQ1 earnings release, and it may move lower, but this is a near-term phenomenon investors should embrace ...

DeSid/iStock via Getty Images Introduction Both Broadcom Inc. (AVGO) and Marvell Technology, Inc. (MRVL) reported their earnings on March 7, 2024. Broadcom shares fell 3.2% in extended-hours trading after the semiconductor giant offered up sales guidance for fiscal 2024 that fell short of expectations. On a positive side, Hock Tan, President, and CEO of Broadcom noted: "Strong demand for our networking products in AI data centers, as well as custom AI accelerators from hyperscalers, are driving growth in ou ...

Shares of Broadcom (AVGO) tumbled Friday after the semiconductor giant disappointed investors with its full-year sales outlook. Broadcom said it expects to book $50 billion in revenue in its 2024 fiscal year, reiterating guidance it first issued in December. That disappointed investors, who may have been looking for the company to raise its guidance after reporting better-than-expected revenue in the first quarter of the year. Broadcom brought in $11.96 billion in revenue in the quarter ended Feb. 4., comp ...

Growing optimism about the prospects of the Fed's interest rate cut in June has led to a stock market rally. In fact, the semiconductor sector has outperformed, with the Philadelphia Semiconductor index reaching a record high, gaining 23.7% this year.Many semiconductor ETFs also touched new 52-week highs. These are Invesco PHLX Semiconductor ETF (SOXQ) , iShares Semiconductor ETF (SOXX) , VanEck Vectors Semiconductor ETF (SMH) , SPDR S&P Semiconductor ETF (XSD) and Strive U.S. Semiconductor ETF (SHOC) .Insi ...

Shares of Broadcom (AVGO -6.04%) were moving lower Friday after the diversified semiconductor company posted solid results in its fiscal 2024 first-quarter earnings report after the market closed Thursday, but failed to raise its guidance.High expectations were also baked into the stock. The company is viewed as a beneficiary of the AI boom, and as its shares have risen in recent months in consequence.As of 11:59 a.m. ET, the stock was down by about 6%. A good -- but not good enough -- quarterBroadcom, whic ...