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Broadcom Ahead of Q3 Earnings: To Buy or Not to Buy the AVGO Stock
ZACKS· 2024-09-03 16:36
Broadcom (AVGO) is set to report its third-quarter fiscal 2024 results on Sep. 5.The Zacks Consensus Estimate for revenues is pegged at $12.9 billion, suggesting growth of 45.36% from the year-ago quarter’s reported figure.The consensus mark for earnings has been steady at $1.20 per share over the past 30 days, indicating 14.29% growth from the figure reported in the year-ago quarter.Broadcom’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average earnings surprise being ...
Broadcom Stock May Drop Sharply Following Results
Seeking Alpha· 2024-09-03 16:30
JHVEPhotoBroadcom (NASDAQ:AVGO) will report its fiscal third quarter earnings after the market closes on Sept. 5. Analysts are forecasting a 15% y/y increase in earnings per share to $1.22, alongside a significant 46% y/y growth in revenue, bringing the total to approximately $13 billion. However, it’s important to note that the growth in Broadcom’s Semiconductor Solutions segment is expected to be relatively modest, with an anticipated increase of just 7% y/y, reaching $7.4 billion. The company’s AI seg ...
What Wall Street Analysts Think of Broadcom's Stock Ahead of Earnings
Investopedia· 2024-09-03 15:53
Key TakeawaysSemiconductor maker Broadcom is set to report its latest quarterly results after Thursday's closing bell.Wall Street analysts are broadly bullish on the stock heading into the report.The consensus price target on the stock is currently near $200, according to Visible Alpha. Semiconductor maker Broadcom’s (AVGO) latest financial results, due Thursday after the closing bell, could highlight the week’s most anticipated corporate events. The numbers are set to land with the stock up nearly 40% this ...
Watch These Broadcom Stock Price Levels Ahead of Chipmaker's Earnings Report
Investopedia· 2024-09-03 11:46
Key TakeawaysBroadcom shares may see heightened volatility this week, with the chipmaker slated to release its fiscal third-quarter earnings report after the closing bell on Thursday.Investors will likely be scrutinizing the company’s AI sales growth and full-year outlook, which have benefited in recent quarters from growing demand for its custom AI chips.Broadcom shares reclaimed the 50-day moving average last month after a steep correction, through the recovery has occurred on decreasing volumes, indicati ...
Marvell Steals The Spotlight From Nvidia, Broadcom In August: What's Next For Chip Investors?
Benzinga· 2024-09-02 20:01
Marvell Technology Inc. MRVL has emerged as a standout performer in the semiconductor sector, outpacing heavyweight rivals Nvidia Corp. NVDA and Broadcom Inc. AVGO throughout Aug. 2024. Chart created using Benzinga ProWhile Marvell stock surged an impressive 18.53% last month, Broadcom and Nvidia followed with gains of 9.84% and 9.39%, respectively. This outperformance has caught the attention of investors looking to capitalize on growth opportunities within the semiconductor industry.Marvell’s Strong Marke ...
Is It Worth Investing in Broadcom Inc. (AVGO) Based on Wall Street's Bullish Views?
ZACKS· 2024-09-02 14:30
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?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 brok ...
Where Will Broadcom Be in 3 Years?
The Motley Fool· 2024-08-31 15:19
Why the stock has a lot of potential upside ahead.With Broadcom's (AVGO 3.75%) upcoming earnings in focus for many tech investors, I wanted to take a longer view and examine where the stock might be in three years -- not where it will trade in the next three weeks.As such, let's take a closer look at the technology company, what it does exactly, and where its stock could be headed.An acquisition machineBroadcom has a long history of acquisitions. In fact, if you have ever wondered why a company called Broad ...
Should You Buy Broadcom Stock Before Sept. 5?
The Motley Fool· 2024-08-31 15:00
Will this semiconductor stock's rally get a shot in the arm from its upcoming earnings report?Broadcom (AVGO 3.75%) stock has stitched together impressive gains of 43% so far in 2024, easily outpacing the 22% gains clocked by the PHLX Semiconductor Sector index this year, and that's not surprising as the semiconductor giant has been delivering solid quarterly results of late, thanks to the growing demand for its custom chips.Artificial intelligence (AI) is playing a central role in giving Broadcom's busines ...
Could Broadcom Duplicate Nvidia's Performance as a Premiere Artificial Intelligence (AI) Stock?
The Motley Fool· 2024-08-30 10:30
Broadcom is another name that should be discussed when AI investing is mentioned.Nvidia has received considerable attention as the market's premiere artificial intelligence (AI) stock. This is for good reason, as its graphics processing units (GPUs) are in high demand to provide the computing power necessary to train these new generative AI models.However, this can't be done with just one or two GPUs. Instead, companies often use thousands of these devices connected together to accelerate the training time. ...
2 Stock-Split Stocks to Buy Before They Soar 50% and 112%, According to Certain Wall Street Analysts (Hint: Not Nvidia)
The Motley Fool· 2024-08-29 09:35
Select Wall Street analysts are very bullish on chipmaker Broadcom and energy drink company Celsius.Stock splits are popular with investors. They make shares more affordable, and can also spotlight quality stocks. That's because splits are only necessary after substantial and sustained share price appreciation, which itself is often indicative of a company with solid financials and compelling growth prospects.Nvidia (NVDA -2.10%) is an excellent example. The Wall Street Journal has described the chipmaker a ...