Exhibit 99.1 Broadcom Inc. Announces First Quarter Fiscal Year 2024 Financial Results and Quarterly Dividend • Revenue of $11,961 million for the first quarter, up 34 percent from the prior year period • Cash from operations of $4,815 million for the first quarter, less capital expenditures of $122 million, resulted in $4,693 million of free cash flow, or 39 percent of revenue • GAAP net income of $1,325 million for the first quarter; Non-GAAP net income of $5,254 million for the first quarter • Adjusted EB ...

PALO ALTO, Calif., March 06, 2024 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ:AVGO), the worldwide leader in PCIe, SerDes, and connectivity technology, today announced the availability of the world's first 5nm PCIe Gen 5.0/CXL2.0 and PCIe Gen 6.0/CXL3.1 retimers. Broadcom retimers, in combination with its PEX series switches, constitute the industry's first end-to-end PCIe portfolio and provide benefits including extended reach, lower power dissipation, simplified interop, and end-to-end management. As the de ...

Key PointsThe semiconductor industry is making new highs led by NVIDIA. However, not all stocks are following.Institutional investors see value in Broadcom stock by finding a double-digit discount to the leaders.These analysts are boosting price targets, expecting the stock to catch up to the pack.5 stocks we like better than NVIDIAEveryone in the market is excited about the new breakouts in the technology stock space, with a particular focus on names like NVIDIA NASDAQ: NVDA, termed the king of the pack. A ...

In the finance and tech space, hitting a trillion-dollar valuation is a mark of success, representing advancement, endurance and a strategic edge. Today, in the ongoing market volatility and geopolitical tensions, three stocks emerge as pre-trillion contenders. These companies may redefine the boundaries of corporate progression.The first one, the semiconductor powerhouse, defies market turbulence with unwavering revenue growth, marking its dominance in an industry based on technological leaps. Meanwhile, t ...

What are the hottest stocks on the market right now? Those with a major focus on artificial intelligence (AI). Broadcom (AVGO 0.22%) stands out as a great example, with its shares skyrocketing more than 130% over the last 12 months.The semiconductor and infrastructure software company could have a catalyst that'll send its share price even higher on the way soon. It's scheduled to announce its fiscal 2024 first-quarter results after the market closes on March 7, 2024. Is Broadcom an AI stock to buy hand ove ...

Dividend stocks are a staple for retirement portfolios due to their steady cash flow. Many of these stocks have matured and don’t exhibit high gains.However, some dividend stocks offer a nice blend of growth and cash flow. You can earn enough payouts to cover living expenses while opening the doors to meaningful gains in the long run. Dividend stocks can present the best of both worlds to investors by achieving high revenue and earnings growth while having enough room in their balances to hike the dividend ...

The market expects Broadcom Inc. (AVGO) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended January 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be releas ...

BARCELONA, Spain, Feb. 29, 2024 (GLOBE NEWSWIRE) -- MOBILE WORLD CONGRESS—SoftBank Corp. ("SoftBank"), NEC Corporation ("NEC") and VMware, recently acquired by Broadcom Inc., have jointly verified the virtualization of the radio access network ("RAN"), which is the front end of the mobile network. The companies confirmed the feasibility of RAN modernization by converging O-RAN architecture (1) and Telco Cloud (2). In this joint verification, a virtualized RAN ("vRAN") system consisted of a general-purpose c ...

This morning, economic prints are mostly in anticipation of Thursday morning’s all-important Personal Consumption Expenditures (PCE), which is the Fed’s preferred gauge of inflation. Q4 GDP, Consumption and the Pricing Index are all updated with an initial revision this morning. Pre-market futures went from being negative in the triple digits on the Dow to negative in double digits upon the numbers reported.The first revision to Q4 GDP came in 10 basis points (bps) light of estimates and the previous print, ...

Wednesday, February 28th, 2024This morning, economic prints are mostly in anticipation of Thursday morning’s all-important Personal Consumption Expenditures (PCE), which is the Fed’s preferred gauge of inflation. Q4 GDP, Consumption and the Pricing Index are all updated with an initial revision this morning. Pre-market futures went from being negative in the triple digits on the Dow to negative in double digits upon the numbers reported.The first revision to Q4 GDP came in 10 basis points (bps) light of est ...