Broadcom Inc. (AVGO) closed the most recent trading day at $1,226.55, moving -1.52% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.6%. On the other hand, the Dow registered a loss of 0.17%, and the technology-centric Nasdaq decreased by 0.92%.Prior to today's trading, shares of the chipmaker had gained 2.05% over the past month. This has lagged the Computer and Technology sector's gain of 3.1% and the S&P 500's gain of 3.56% in that time.The investment comm ...

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 ...

Broadcom Inc. (AVGO) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this chipmaker have returned +2.1% over the past month versus the Zacks S&P 500 composite's +3.6% change. The Zacks Electronics - Semiconductors industry, to which Broadcom Inc. belongs, has gained 1.3% over this period. Now the key question is: Where could the stock be headed in the nea ...

PALO ALTO, Calif., Feb. 20, 2024 /PRNewswire/ -- Broadcom Inc. (Nasdaq: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, will host an Investor meeting, Broadcom Enabling AI in Infrastructure, in San Jose, California, on Wednesday, March 20, 2024. The Broadcom Enabling AI in Infrastructure Investor meeting will begin at 9:00 a.m. PT / 12:00 p.m. ET and will include presentations from Charlie Kawwas, President, Semiconductor Solutions G ...

Nvidia (NVDA -0.06%) became the world's first trillion-dollar chipmaker in 2023, and it's now worth $1.8 trillion. That marks a whopping gain of 1,810% in just five years. Nvidia's historic run was fueled by the rapid growth of the artificial intelligence (AI) market, which sparked brisk sales of its high-end data center GPUs for processing AI tasks.Nvidia's multibagger gains are impressive, but could Broadcom (AVGO -1.55%) -- which rallied nearly 350% over the past five years and is worth about $590 billio ...

PALO ALTO, Calif., Feb. 16, 2024 /PRNewswire/ -- Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, announced it will report its first quarter fiscal year 2024 financial results and business outlook on Thursday, March 7, 2024 after the close of the market. Broadcom's management will host a conference call starting at 2:15 p.m. Pacific Time on the same day to discuss these results and business outlook, instead of a ...

Everybody knows Broadcom (AVGO -0.20%) as a giant in the semiconductor industry. With a $583 billion market cap and annual revenues of $35.8 billion, the company stands shoulder to shoulder with household names like Intel and Nvidia.Best known for making chips that move data through many kinds of networks and systems, you might not think of Broadcom as a play on the artificial intelligence (AI) boom. As it turns out, Broadcom's networking solutions play a crucial role in large-scale AI systems. In particula ...

Meta said Wednesday that Broadcom CEO president Hock Tan and philanthropist and former Enron executive John Arnold are joining the company's board of directors.Tan has been leading the semiconductor giant since 2006, giving him extensive international experience working in computing infrastructure technology. Meta is investing heavily in developing advanced infrastructure to fuel its growth in artificial intelligence (and artificial general intelligence, or AGI) and its buildout of the metaverse. "As we foc ...

PALO ALTO, Calif., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ:AVGO) and Google Cloud today announced plans to support license portability of VMware Cloud Foundation to Google Cloud VMware Engine. Customers will be able to purchase subscriptions of the new VMware Cloud Foundation software from Broadcom and flexibly use those subscriptions in Google Cloud VMware Engine, as well as their own on-prem data centers. Customers will retain the rights to the software subscription when deploying VMware C ...

In the latest trading session, Broadcom Inc. (AVGO) closed at $1,265, marking a -1.44% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.1% for the day. Elsewhere, the Dow saw an upswing of 0.33%, while the tech-heavy Nasdaq depreciated by 0.3%.Heading into today, shares of the chipmaker had gained 15.87% over the past month, outpacing the Computer and Technology sector's gain of 11.35% and the S&P 500's gain of 5.78% in that time.The upcoming earnings release of ...