Broadcom has been one of the hottest AI stocks. Is its pullback an opportunity?Broadcom (AVGO 5.25%) has emerged as a key player in the artificial intelligence races, perhaps second only to Nvidia in terms of the benefit and uplift from the AI infrastructure buildout.But like Nvidia, the stock also sold off mightily after its recent third quarter earnings report. While revenue and earnings per share beat expectations, Broadcom's guidance was on the lighter side compared with high analyst expectations.With t ...

BlackJack3D I wrote about Broadcom Inc. (NASDAQ:AVGO) stock before earnings. Broadcom reported better-than-expected earnings results but failed to deliver the desired guidance. This "sell-the-news" dynamic became a familiar theme this past earnings season. NVIDIA Corporation (NVDA) and other market-leading stocks have declined post-earnings, many after providing better than anticipated earnings and solid guidance, like Broadcom. While we may see a mild, transitory slowdown in the AI enterprise market, it is ...

Early investors in this stellar semiconductor stock have seen their investments soar in value.You don't have to study stock charts daily to know that artificial intelligence (AI) stocks have been all the rage for the past couple of years. The market's voracious appetite for semiconductor stocks, in particular, has resulted in shares of leading manufacturers like Broadcom (AVGO 2.19%) soaring in value.But exactly how much have early investors in Broadcom benefited from the growing enthusiasm for AI stock? A ...

Group 1: Company Overview - Broadcom Inc. is a significant player in the semiconductor industry, particularly in the AI upcycle, with strong ties to hyperscalers and cloud data center customers [1][2] - The integration with VMware has improved Broadcom's enterprise software and cybersecurity capabilities, enhancing its infrastructure software revenue segment [1] - Despite recent stock underperformance compared to the S&P 500, Broadcom's growth drivers remain intact, presenting a buying opportunity for investors [1] Group 2: Financial Performance - In the third fiscal quarter, Broadcom reported AI revenue of $3.1 billion and guided for $3.5 billion in AI revenue for the fourth quarter, with a full-year AI revenue outlook of $12 billion, up from $11 billion [2][3] - Non-AI bookings increased by 20% year-over-year, indicating management's confidence that cyclical revenue segments have passed their lowest point [3] Group 3: Market Sentiment and Valuation - The market reacted negatively to Broadcom's tepid guidance, leading to a reassessment of growth momentum in AI [2][3] - Broadcom's stock is still considered priced for growth, with a forward adjusted PEG ratio of 1.46, nearly 20% below the sector median, suggesting relative undervaluation [4] - Despite concerns about the AI upcycle potentially nearing its peak, Broadcom's best-in-class profitability supports a buy-the-dip opportunity [4]

Cloud giants are increasingly looking to free themselves from Nvidia.There's no doubt Nvidia (NVDA 3.54%) has been the big winner of the first stage of the AI revolution. In the wake of OpenAI's ChatGPT debut in November 2022, virtually all businesses and cloud giants have clamored for its market-leading GPUs to fuel generative AI.Of course, as the outright leader, Nvidia was able to charge a pretty penny for its chips, as evidenced by its skyrocketing revenue and margins over the past 18 months.But as a re ...

                  Leading-Edge Wi-Fi 7 RF FEMs based on Tower’s Advanced 300mm RFSOI Technology Deliver Enhanced Mobile Connectivity Performance and Efficiency MIGDAL HAEMEK, Israel, Sept 10, 2024 – Tower Semiconductor (NASDAQ/TASE: TSEM), a leading foundry of high-value analog semiconductor solutions, today announced the production of Wi-Fi 7 RF front-end module (FEM) devices based on its advanced 300mm RFSOI technology. Partnering with Broadcom Inc. (NASDAQ: AVGO), Tower has enabled fully integrated Wi-Fi ...

Broadcom stock looks attractive after its recent earnings-report-related price pullback.Broadcom (AVGO 2.79%) shares are taking a hit after investors were disappointed by the chipmaker's fiscal fourth-quarter guidance. Expectations going into the quarter were quite high, but the reported results led to a 10% drop in share price.Despite the drop, the stock is still up about 62% over the past year as many investors remain excited about the tech stock's potential. Let's dive into the company's most recent quar ...

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 ...