Is Broadcom a Buy on the Dip? 1 Wall Street Analyst Thinks It Can Nearly Double From Here.
Broadcom(AVGO) The Motley Fool·2024-09-11 09:24
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 ...