The strongly bullish sentiment surrounding Broadcom (NASDAQ: AVGO) that was prevalent in late August was seemingly completely squashed at the start of September due to the publishing of a relatively disappointing earnings report and the broad stock market selloff.Despite the temporary downturn, AVGO shares have regained the upward momentum since, and Wall Street analysts have only confirmed their optimism about the technology giant with their most recent rating revisions.Broadcom stock, at press time on Sep ...

For Immediate ReleasesChicago, IL – September 18, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Broadcom (AVGO) , Warner Bros. Discovery (WBD) , Super Micro Computer (SMCI) , Vistra (VST) and AES Corp (AES) .Here are highlights from Wednesday’s Analyst Blog: 5 Stocks That Led the SPY ETF to Its Best Week of 202 ...

Core Viewpoint - The current market sentiment is unfavorable towards AI-themed growth stocks, including Broadcom, which is recognized as a strong dividend-growth stock [1]. Group 1: Company Overview - Broadcom is categorized as a hardware company and is noted for its excellence in dividend growth [1]. Group 2: Market Sentiment - The market does not exhibit much enthusiasm for AI-themed growth stocks at this time, impacting companies like Broadcom [1].

AI isn't the only thing giving this semiconductor chipmaker a sales boost.Artificial intelligence (AI) supercharged the business of semiconductor chipmakers over the past year, and in turn, their stocks. Broadcom (AVGO -2.19%) is among these AI beneficiaries as shares skyrocketed from a 52-week low of $79.51 a year ago to $185.16 in 2024.Adding to this was the company's announcement of a 10-for-1 forward stock split, which sent shares soaring to a record high. After the split took place in July, Broadcom st ...

The semiconductor and data center sectors are fast-paced and volatile, with companies like NVIDIA NVDA and Advanced Micro Devices AMD leading the way. However, a giant is quietly revolutionizing the sector and becoming a force to be reckoned with in the artificial intelligence (AI) revolution. While many may overlook this diversified technology company, Broadcom Inc. AVGO is growing its AI capabilities and making strategic investments that generate positive investor sentiment. A Multifaceted Technological P ...

An analyst cut his forecast for iPhone 16 orders.Shares of Broadcom (AVGO -2.20%), Taiwan Semiconductor Manufacturing (TSM -2.60%), and Arm Holdings (ARM -5.46%) were down 3.3%, 2.5%, and 4.3% on Monday as of 11:30 a.m. ET. Shares of all three were down even more earlier in the morning.All three of these companies are key suppliers to the Apple iPhone. This morning, a notable Asia-based Apple analyst wrote that initial orders for the iPhone 16 were weaker than expected. So, all three of these stocks fell in ...

Tracking congressional trading habits is becoming more critical every day. Not only do members of Congress tend to outperform the broad market, but there are an increasing number of products tailored to this strategy. Among them are ETFs like the Unusual Whales Subversive Republican Trading ETF BATS: KRUZ and the like-minded Unusual Whales Subversive Democratic Trading ETF BATS: NANC, whose ticker symbols evoke imagery of Ted Cruz and Nancy Pelosi, two well-known congressional traders. The focus today is th ...

JHVEPhoto Broadcom Inc.’s (NASDAQ:AVGO) selloff in response to its lighter-than-expected F4Q revenue guidance has largely overshadowed the company’s beneficiary position amid burgeoning AI momentum. This is consistent with a broader trend observed in the latest earnings season, whereby AI beneficiaries have been punished for falling short of or not significantly exceeding lofty expectations. Specifically, the recent selloff in semiconductor stocks indicates growing investors’ angst over the durability o ...

Jose Luis Pelaez Inc AVGO's High Growth Investment Thesis Remains Cheap We previously covered Broadcom (NASDAQ:AVGO) in February 2024, discussing why we had reiterated our Buy rating, thanks to the accelerating profitable growth reported in FQ1'24 and the raised AI-related sales guidance in FY2024. Combined with the excellent shareholder returns and the robust generative AI trends through the infrastructure layer to SaaS layer, we believed that every moderate pullback was an opportunity to dollar cost a ...

Broadcom's revenue growth rate doesn't reflect what's really happening at the tech giant.When dissecting the state of a public company, you can't often rely on the headline figures alone. Frequently, there's more to the story than just revenue growth or profit margins -- there's a story behind each metric.Case in point, consider Broadcom's (AVGO 1.90%) latest report. The company certainly wasn't trying to be misleading, but the headline number that it trumpets -- that its revenue rose 47% year over year to ...