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 ...

While billionaires were busy dumping shares of artificial intelligence (AI) goliath Nvidia during the June-ended quarter, seven billionaire money managers were scooping up another leading AI stock.Over the last 30 years, no shortage of next-big-thing investment trends have graced Wall Street. Since the advent of the internet in the mid-1990s, no innovation, technology, or trend has come close to having the impact on corporate growth rates as the internet... until now.According to the analysts at PwC, the ar ...

The next phase of the AI revolution won't look quite like the initial growth surge. It will usher in new leaders.Although it's been a little more than six years since Apple became the first publicly traded company to breach the trillion-dollar capitalization ceiling, such companies remain few and far between. As of the latest look, only six outfits now boast 13-figure market caps (though Apple is still the largest, at nearly $3.5 trillion).Then again, it's been a while since the world's been in a position t ...

shulz I last covered Broadcom (NASDAQ:AVGO) in June; I put out a Hold rating at the time, and since then, the stock has gained 20.5% in price. In my last analysis, I provided a mixture of a traditional discounted cash flow model and valuation multiple peer analysis, which both indicated that Broadcom could be overvalued. Despite this, the stock has continued to rise in price substantially, and in this analysis, I performed a more thorough valuation peer analysis and ascertained that the stock is slightl ...

The latest trading session saw Broadcom Inc. (AVGO) ending at $161.38, denoting a +1.1% adjustment from its last day's close. The stock's change was more than the S&P 500's daily gain of 0.16%. On the other hand, the Dow registered a gain of 0.02%, and the technology-centric Nasdaq increased by 0.16%.The chipmaker's shares have seen an increase of 6.26% over the last month, surpassing the Computer and Technology sector's gain of 2.69% and the S&P 500's gain of 2.97%.The investment community will be closely ...

Broadcom (AVGO) shares have returned 43% year to date,  outperforming the Zacks Electronics - Semiconductors industry’s growth of 26.2% in the same time period. The outperformance reflects investors’ confidence in the AVGO stock, considering the company’s sustained focus on enhancing cloud offerings, which is helping it win new clients.Recently, Broadcom launched a new private cloud offering in collaboration with Hitachi Vantara.  The co-engineered solution has been developed by integrating Vantara’s Unifie ...

LAS VEGAS, Aug. 27, 2024 (GLOBE NEWSWIRE) -- VMware Explore 2024 -- At VMware Explore 2024 Las Vegas, Broadcom Inc. (NASDAQ: AVGO) today unveiled VMware Cloud Foundation (VCF) 9, the future of VCF that will accelerate customers’ transition from siloed IT architectures to a unified and integrated private cloud platform that lowers cost and risk. VMware Cloud Foundation 9 will radically simplify the deployment, consumption and operations of a secure and cost-effective private cloud. VMware Cloud Foundation is ...

LAS VEGAS, Aug. 27, 2024 (GLOBE NEWSWIRE) -- VMware Explore 2024 – Broadcom Inc. (NASDAQ: AVGO) announced VMware Tanzu Platform 10, a cloud native application platform that accelerates software delivery, providing platform engineering teams enhanced governance and operational efficiency while reducing toil and complexity for development teams. The company also introduced Tanzu AI Solutions, a set of capabilities within Tanzu Platform that help application teams deliver GenAI-powered, intelligent application ...

Compared to Nvidia and Broadcom, Wall Street analysts see Broadcom as a better AI stock to buy now.Artificial intelligence (AI) will eventually reshape most industries by either eliminating the need for human workers or boosting worker productivity. Analysts generally agree the transformation will happen in phases. They define and ennumerate those phases differently, but infrastructure companies are always the first to benefit.Training machine learning models and running inference on AI applications is cont ...

SAN ANTONIO, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading hybrid, multicloud, and AI technology services company, today announced the unveiling of Rackspace Lab Services (RLS), a cutting-edge cloud software as a service (SaaS) solution to transform training, testing, and demonstration environments for organizations worldwide. RLS hosts the Broadcom VMware Lab Platform (VLP) on Rackspace SDDC (Software Defined Data Center) Flex to deliver an on-demand, consumption-based se ...