Prediction: Nvidia Could Crush Broadcom's AI Market With One Move
- In today's video, I discuss Nvidia (NVDA -2.33%) and recent reports that it might enter the ASIC market. To learn more, check out the short video, consider subscribing, and click the special offer link below.
- 01/02/2025
|
Broadcom Hits $1 Trillion. Can It Continue Its Rally in 2025?
- The stock market has seen multiple companies hit the $1 trillion mark in valuation in the past few years, the latest one being semiconductor company Broadcom (AVGO -1.59%). The stock's valuation more than doubled in 2024 as sales and profits have been soaring in recent quarters.
- 01/01/2025
|
Broadcom's chips, network will drive growth in 2025: Analyst
- Big Tech has dominated investor portfolios with significant gains, but Broadcom (AVGO) has emerged as a standout performer in 2024. WestEnd Capital Management senior equity analyst Ali Mogharabi joins hosts Julie Hyman and Jared Blikre on Market Domination to discuss his outlook for the semiconductor company in the coming year.
- 12/31/2024
|
Broadcom, Micron Technology, and SoundHound AI Are Falling as the Dow Sheds 250 Points
- All major market indexes declined today led by the Dow Jones Industrial Average, which at one point this morning fell 600 points, although has since recouped some of those losses. The broader benchmark S&P 500 and Nasdaq Composite also dipped this morning, but had recovered some of those losses and traded less than 1% down as of 12:04 p.m.
- 12/30/2024
|
Bull of the Day: Broadcom (AVGO)
- Broadcom ( AVGO ) is one of the unsung heroes of the semiconductor revolution of the past decade. But the stock is up 6X since the 2022 bear market lows and it just jumped over 35% this month after another strong earnings report.
- 12/30/2024
|
Nvidia, Broadcom, Marvell: Tech trends to watch in 2025
- The tech sector (XLK) has gained 25% since the start of 2024, driven by gains related to artificial intelligence (AI). Bokeh Capital Partners, founder and chief investment officer Kimberly Forrest, joins Brad Smith on Wealth to discuss her AI investment strategies going into 2025.
- 12/29/2024
|
Which AI Chip Stock Is the Better Buy for 2025: Nvidia or Broadcom?
- Artificial intelligence (AI) offers many exciting long-term possibilities, but the technology's thirst for computing power is a certainty that's fueled remarkable growth in semiconductors. Chip companies like Nvidia (NVDA -2.09%) and Broadcom (AVGO -1.47%) have soared on the realization that AI is creating billions of dollars in opportunities for each.
- 12/29/2024
|
Forget the Santa Claus Rally -- Artificial Intelligence Stocks Like Broadcom, Amazon, and Rivian Dragged the Stock Market Down Today
- Artificial intelligence (AI) and tech stocks dragged the Nasdaq Composite (^IXIC -1.44%) down as much as 2.4% at one point today. The Dow Jones Industrial Average (^DJI -0.57%) lost as much as 500 points in a holiday-shortened week usually powered by a Santa Claus rally that has failed to materialize thus far.
- 12/27/2024
|
Nvidia: A Reality Check On The Broadcom Risk
- Nvidia Corporation's “king of AI” stature is allegedly under threat as its top customers turn to Broadcom to build custom chips and systems. Since Broadcom's earnings release earlier this month, NVDA stock has dipped lower as investors worry over the future demand for its AI solutions. However, skeptics may be overlooking Nvidia's key strengths and savvy strategies beneath the surface, which keep the bull case alive.
- 12/27/2024
|
Broadcom Stock Drops as Chip Stocks Slide. Is the AI Trade Ending?
- One analyst worries that the market has caught up to the limitations of large language models.
- 12/27/2024
|
Wall Street Bulls Look Optimistic About Broadcom Inc. (AVGO): Should You Buy?
- 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?
- 12/27/2024
|
Is Trending Stock Broadcom Inc. (AVGO) a Buy Now?
- Recently, Zacks.com users have been paying close attention to Broadcom Inc. (AVGO). This makes it worthwhile to examine what the stock has in store.
- 12/27/2024
|
Where Will Broadcom Stock Be in 3 Years?
- Broadcom (AVGO 3.15%) has been an outstanding investment over the past three years, as shares of the semiconductor giant have shot up an impressive 240% during this time and outpaced the 27% gains clocked by the PHLX Semiconductor Sector index over the same period.
- 12/25/2024
|
Broadcom: 3 Reasons To Stay Bullish
- Broadcom's strong financials, AI prospects, and sales structure updates support continued growth, justifying a "Buy" rating despite market fears of overvaluation. The ambitious AI market projections for 2027 have driven short-term growth, with expectations of $45 billion in AI revenue by FY 2027. I expect VMware's high-margin software business to underpin AVGO's AI semiconductors' growth and bring robust cash flow and margin stability on a consolidated basis.
- 12/25/2024
|
What Could Broadcom's Latest Earnings Report Mean for Nvidia Investors?
- The demand for the chips required for training and deploying artificial intelligence (AI) models and applications in data centers increased at a remarkable pace in the past couple of years. Nvidia (NVDA 0.39%) has been the biggest beneficiary of this fast-growing market as it left its fellow chipmakers in the dust by capturing the lion's share of the AI semiconductor space.
- 12/25/2024
|
Stock-Split Watch: Is Broadcom Next?
- Does it feel like you've been here before? Semiconductor and software giant Broadcom (AVGO 3.15%) executed a 10-for-1 stock split during the summer.
- 12/25/2024
|
Nvidia Stock Investors Just Got Bad News From AI Semiconductor Rival Broadcom
- Complex data center workloads like training machine learning models and running artificial intelligence (AI) applications would take a very long time if powered only by central processing units (CPUs). To that end, specialized semiconductors are used to speed up computationally intensive AI tasks.
- 12/25/2024
|
Broadcom Stock Extends December Rally
- Shares of Broadcom Inc (NASDAQ:AVGO) are extending their December gains, up 2.3% at $237.61 at last glance and headed for their third-straight win.
- 12/24/2024
|
This Is Not Broadcom's 'Nvidia Moment' Yet
- Broadcom Inc.'s stock surged 35% in two days despite a mediocre Q4, as management offered investors a picturesque addressable market forecast for 2027. Assuming Broadcom can reach 60% share at a $75B addressable market size, that correlates to approximately $45 billion in AI revenue in 2027/. Broadcom's premium valuation coupled with a fraction of Nvidia's AI revenue is why this is not yet Broadcom's Nvidia moment.
- 12/23/2024
|
Broadcom, AMD Lead Chip Stocks Higher Monday on Anticipation of AI-Driven Gains
- Chip stocks surged Monday, led by Broadcom (AVGO) and Advanced Micro Devices (AMD) following bullish calls from analysts anticipating gains driven by growing demand for artificial intelligence (AI).
- 12/23/2024
|
Why Broadcom Was Rallying Again Today
- Shares of Broadcom (AVGO 5.39%) rallied 5.3% on Monday, as of 1:18 p.m. ET.
- 12/23/2024
|
Why Broadcom Inc. (AVGO) International Revenue Trends Deserve Your Attention
- Evaluate Broadcom Inc.'s (AVGO) reliance on international revenue to better understand the company's financial stability, growth prospects and potential stock price performance.
- 12/23/2024
|
Analysts revise Broadcom (AVGO) stock price targets
- Throughout most of 2024, Broadcom (NASDAQ: AVGO) was on a slow, gradual climb in terms of stock price.
- 12/23/2024
|
Better AI Stock: Broadcom vs. Nvidia
- There are a lot of companies in the artificial intelligence (AI) space that are increasing their sales and earnings rapidly and providing a lot of value to their shareholders. Two that are achieving impressive results while carving out their niche in the AI market are Broadcom (AVGO 1.13%) and Nvidia (NVDA 3.08%).
- 12/23/2024
|
Broadcom Is Up Over 25% in the Last Month. Time to Sell?
- Broadcom (AVGO 1.13%) may have caught many of its bulls by surprise amid its recent surge of 25% after a 40% increase and a significant pullback. The company's booming AI chip business supercharged a stock that has prospered by building specialty semiconductors.
- 12/22/2024
|
Better Artificial Intelligence (AI) Stock: Broadcom vs. Marvell Technology
- Semiconductor stocks Broadcom (AVGO 1.13%) and Marvell Technology (MRVL 2.56%) have delivered outstanding gains in 2024, with shares of both companies more than doubling as of this writing thanks to the rapidly growing demand for their application-specific integrated circuits (ASICs) and networking chips that are being deployed in data centers for tackling artificial intelligence (AI) workloads.
- 12/21/2024
|
Why Investors Were Sweet on Stock-Split Stock Broadcom Today
- Broadcom (AVGO 1.13%) is not only the best play on the artificial intelligence (AI) revolution, it's the best stock investment of all for 2025. That, at least, is the view of one enthusiastic researcher tracking the chipmaker's shares.
- 12/20/2024
|
Broadcom: Custom Compute Chips Remain Growth Tailwinds - Buy The Upcoming Correction
- AVGO's robust growth prospects are driven by the growing hyperscaler demand for custom ASICs, one that is likely to be a top/ bottom-line driver through FY2027. If anything, the management has already hinted at an accelerated CAGR of +83.1% from the FY2024 AI accelerators/ networking revenue base from $12.2B in FY2024 to $75B in FY2027. Assuming that AVGO delivers on its long-term growth guidance of approximately ~30% through FY2027, we believe that the stock remains compelling for high growth oriented investors.
- 12/20/2024
|
Nvidia and Broadcom are our top hyperscaler picks, says Melius Research's Ben Reitzes
- Ben Reitzes, Melius Research head of technology research, joins 'Money Movers' to discuss Reitzes' thoughts on technology giant Nvidia, Wall Street's discussion around Jensen Huang's company and much more.
- 12/20/2024
|
Monster insider trading alert for Broadcom stock
- After spending most of the year struggling to break through, Broadcom (NASDAQ: AVGO) stock experienced a pronounced move to the upside in mid-December. The catalyst was quite simple — on December 12, the semiconductor company released its Q4 and full-year 2024 earnings report.
- 12/20/2024
|
Why Broadcom's stock is this analyst's top chip pick for 2025, with 37% upside
- Broadcom's stock is bucking Friday's tech-sector declines as a Jefferies analyst highlighted rosy pricing and earnings-growth opportunities.
- 12/20/2024
|
Our Twist Take On Wall Street's New Sweetheart: Upgrading Broadcom To Buy
- Broadcom Inc. reported its 4QFY24 earning results and outlook this month, causing the stock to skyrocket by +30% on the one-month chat. We like the stock for its unique position in AI custom ASIC with its own set of hyperscaler customers, and expect that to drive outperformance in 1H25. It's not all rainbows and butterflies; we see a risk for AVGO in 2H25 on the loss of Apple's business, a +20% customer of the company.
- 12/20/2024
|
Broadcom Expects Decade-Long AI Chip Boom as Big Tech Invest Billions
- Broadcom Inc AVGO chief Hock Tan expressed enormous conviction over the sustainability of the artificial intelligence frenzy as Alphabet Inc GOOG GOOGL Google, Meta Platforms Inc META and TikTok parent ByteDance splurged on designing custom processors that accelerate training and deployment of AI systems, the Financial Times reports.
- 12/20/2024
|
Broadcom's CEO plays down an Intel bid: 'No hostile offers'
- Broadcom's CEO says he's too busy riding the AI wave to consider a takeover of rival Intel. In an interview with the Financial Times, Hock Tan said he had no interest in "hostile takeovers.
- 12/20/2024
|
EXCLUSIVE: Nvidia, Broadcom Tipped To Dominate AI Compute Wave By Kurv CEO
- Move over, software darlings. The future of tech is being etched in silicon, and chipmakers like NVIDIA Corp NVDA and Broadcom Inc AVGO are writing the playbook.
- 12/19/2024
|
Riding The AI Wave: Why Broadcom Deserves A Spot In Your Portfolio
- Broadcom's stock has surged higher in 2024, driven by the promise of synergies from the VMware acquisition and robust AI revenue growth. AI networking revenue soared 158% year-on-year in its fiscal fourth quarter, bolstered by increased AI XPU shipments and significant growth in AI connectivity revenue. The company's recent earnings report highlights a solid performance, reinforcing my buy recommendation.
- 12/19/2024
|
1 Wall Street Analyst Thinks Broadcom Is Going to $260. Is It a Buy Now?
- Shares of Broadcom (AVGO -6.91%) are suddenly soaring. The diversified semiconductor company impressed the market with its fiscal 2024 fourth-quarter earnings report last week, in particular its artificial intelligence (AI) growth.
- 12/19/2024
|
Nvidia vs. Broadcom: Which Is the Better AI Chip Stock to Own in 2025?
- When it came to artificial intelligence (AI) infrastructure in 2024, Nvidia (NVDA -1.14%) reigned supreme. However, Broadcom (AVGO -6.91%) will be looking to challenge the chipmaker in 2025.
- 12/19/2024
|
Will Broadcom Stock Have Its 'Nvidia Moment' in 2025?
- Chipmaker Broadcom's (AVGO) latest earnings-fueled rise has made it the newest member of the $1 trillion dollar club. But what's next for the stock?
- 12/19/2024
|
Broadcom: Joining The $1 Trillion Club
- Broadcom's stock surged due to exceptional 1Q25 results, joining the $1 trillion market valuation club, driven by AI advancements and a strong Apple partnership. Broadcom's consistent profit outperformance, 51.2% YoY sales growth in 4Q24, and a bullish 1Q25 sales forecast highlight its robust financial health and growth potential. The multi-billion dollar Apple collaboration enhances Broadcom's competitive edge in AI chip development, positioning it to rival Nvidia and drive future sales and profit growth.
- 12/19/2024
|
Broadcom has more room to run than Nvidia, says Mizuho's Vijay Rakesh
- Vijay Rakesh, Mizuho senior semiconductor analyst, joins 'The Exchange' to discuss the chip wars between Nvidia and Broadcom.
- 12/18/2024
|
Broadcom and Marvell are a growing threat to Nvidia as AI-chip needs evolve
- Both Broadcom and Marvell have talked about big potential opportunities for their custom ASIC chips.
- 12/18/2024
|
Broadcom Stock Has Surged. Can It Shake Up the Mag 7?
- The chip maker is knocking on the door of the exclusive group of companies.
- 12/18/2024
|
Broadcom Joins the $1 Trillion Club: Is This Growth Stock a Buy Before the End of the Year?
- Nvidia (NVDA -1.22%)led the semiconductor industry and the tech sector to new heights in 2023 and 2024. The chipmaker embodied the breakneck pace of growth in the artificial intelligence (AI) sector, and has been trading the crown of most valuable company in the world with Apple and Microsoft.
- 12/18/2024
|
A chip company you probably never heard of is suddenly worth $1 trillion. Here's why, and what it means for Nvidia.
- Broadcom's stock surged in recent weeks, pushing the company's market value over $1 trillion. Broadcom is crucial for companies seeking alternatives to Nvidia's AI chip dominance.
- 12/18/2024
|
Broadcom Takes Nvidia's Lead
- Broadcom's recent rally helps the chipmaker emerge as the next AI darling as Nvidia enters correction territory. Bloomberg's Ian King joins Caroline Hyde on "Bloomberg Technology" to discuss.
- 12/17/2024
|
Why Broadcom Stock Is Slipping Today
- After a two-session surge driven by the emergence of the chipmaker's artificial intelligence (AI) business in the fiscal fourth-quarter earnings report it delivered on Thursday, Broadcom (AVGO -4.72%) was pulling back Tuesday morning alongside the broader semiconductor sector.
- 12/17/2024
|
Broadcom's Stellar Outlook Sparks Hopes for a Semi Sector Rally
- After trailing the broader market this quarter, the semiconductor sector could be on the cusp of a resurgence. The VanEck Semiconductor ETF NASDAQ: SMH has only gained 8.36% quarter-to-date, underperforming the Invesco QQQ ETF NASDAQ: QQQ, which climbed nearly 14%.
- 12/17/2024
|
Why Is Broadcom Stock Soaring, and Is It Too Late to Buy This AI Stock?
- Broadcom's (AVGO -5.39%) AI business is soaring, and investors are excited about this investment.
- 12/17/2024
|
Broadcom: Profiting From The AI Trend, But Overvalued
- Broadcom's stock surged 25% following strong Q4 results, driven by the VMware acquisition and significant AI revenue growth. Despite impressive growth, Broadcom's high valuation and debt levels make it a risky investment at current prices. Broadcom's economic moat is debatable, but it benefits from the AI and Industry 4.0 megatrends, ensuring high demand for its products.
- 12/17/2024
|
Broadcom Outpaces Nvidia In AI Chip Stock Valuation Race: Is Investor Sentiment Shifting?
- Broadcom Inc AVGO has quietly overtaken Nvidia Corp NVDA in valuation metrics, signaling a shift in investor sentiment within the AI chip industry.
- 12/17/2024
|
Broadcom Shares Surge as It Adds More Custom AI Chip Customers. Can the Momentum in the Stock Continue?
- Broadcom (AVGO 11.21%) shares were skyrocketing higher after the company reported record revenue in its fiscal fourth quarter, ended Nov. 3, and said it was developing custom artificial intelligence (AI) chips for a number of large customers. The surge in share price brought the stock's gains up to more than 100% for the year to date.
- 12/17/2024
|
What's Happening With Broadcom Stock?
- Broadcom Inc. (NASDAQ: AVGO), a semiconductor, enterprise software, and security solutions provider, has seen its stock surge over 40% in a week. This can be attributed to better than expected earnings and outlook, followed by stock upgrades from some of the large Wall Street institutions.
- 12/17/2024
|
Nvidia stock dips 5% as Broadcom surges 40% in five days
- Nvidia shares declined 1.8% in premarket trading on Tuesday, extending the company's recent struggles, while Broadcom continued its ascent with a 1.9% rise. The divergence reflects growing competition in the artificial intelligence (AI) chip market, where Nvidia's dominance is being tested by custom solutions developed by Broadcom for hyperscalers.
- 12/17/2024
|
A tale of two chip stocks: Broadcom vs. Nvidia
- Shares of Broadcom and Nvidia have diverged recently. CNBC's Arjun Kharpal digs into why.
- 12/17/2024
|
Nvidia falls deeper into correction territory as Broadcom rally continues
- Nvidia shares fell in premarket trade on Tuesday as Broadcom continued its rapid surge higher. Broadcom shares have rallied 40% in the last five days.
- 12/17/2024
|
Broadcom's AI Success Won't All Come at Nvidia's Expense
- There's a new trillion-dollar AI chip maker in town, but the old one is still going to do just fine.
- 12/17/2024
|
Is Broadcom a Buy?
- Broadcom (AVGO 11.21%) doesn't get quite as much attention as artificial intelligence winner Nvidia, but it probably should.
- 12/17/2024
|
Nvidia vs. Broadcom: What Wall Street says
- Nvidia shares (NVDA) have lagged since hitting their record high in response to the US 2024 election results. Comparatively, Nvidia is the only member of the Magnificent Seven whose stock has declined since the election, which saw former President Donald Trump defeat Vice President Kamala Harris.
- 12/16/2024
|
Time to Buy the Post-Earnings Rally in Broadcom (AVGO) Stock?
- Broadcom (AVGO) shares have ripped more than +30% since the chip giant posted favorable results for its fiscal fourth quarter last Thursday.
- 12/16/2024
|
Broadcom Vs. Nvidia: A Battle For AI Infrastructure Dominance
- Broadcom Inc.'s integration of VMware has been accretive, reducing operating expenses by 50% and boosting gross margins to 70%, despite initial public criticism. Q4 2024 results showed 51% YoY revenue growth, with EPS beating estimates, and robust Q1 2025 guidance forecasting 22% organic sales growth. Broadcom's AI accelerator market entry, leveraging its networking expertise, positions it as a key player against Nvidia, with AI-related sales up 220% in Q4.
- 12/16/2024
|
Broadcom Stock Surges to All-Time High Monday, Extending Earnings-Fueled Rally
- Broadcom (AVGO) shares jumped to a fresh all-time high Monday, as the chipmaker's post-earnings rally continued.
- 12/16/2024
|
Why Broadcom Soared (Again) Today
- Shares of silicon and software giant Broadcom (AVGO 10.11%) surged as much as 10% on Monday, before settling into a 9.5% gain as of 1:15 p.m. ET.
- 12/16/2024
|
Is Nvidia In Trouble? Why Broadcom Could Dethrone The AI King
- Broadcom Inc.'s AI chip advancements and optimistic earnings guidance have propelled its market cap to over $1 trillion, challenging Nvidia's dominance. Broadcom's ASIC AI chips offer potential cost and efficiency advantages over traditional GPUs, attracting significant interest from major tech companies. Despite promising developments, Broadcom's stock appears overvalued post-rally, with a P/E of 36 and overbought technical indicators.
- 12/16/2024
|
Broadcom jumps 9%, extending record run as Goldman expresses 'higher conviction'
- After topping $1 trillion in market cap last week, Broadcom rallied further on Monday. Analysts at Goldman Sachs raised their price target on the stock to $240 from $190, adding that they have "higher conviction" on the company's outlook.
- 12/16/2024
|
What Advanced Micro Devices and Nvidia Stock Investors Need to Know About Stock Reactions to Broadcom's Stellar Earnings
- In today's video, I discuss recent updates affecting Advanced Micro Devices (AMD -1.37%), Nvidia (NVDA -1.77%), and other semiconductor companies. To learn more, check out the short video, consider subscribing, and click the special offer link below.
- 12/16/2024
|
Is Broadcom an Undervalued Growth Stock to Buy?
- Does this discounted cash flow valuation show that Broadcom (AVGO 7.67%) stock is undervalued at current market prices?
- 12/16/2024
|
Broadcom Inc. (AVGO) is Attracting Investor Attention: Here is What You Should Know
- Broadcom Inc. (AVGO) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 12/16/2024
|
Broadcom is having a ‘Nvidia moment' as stock swells further
- The newest member of the trillion-dollar market-cap club is looking ahead to a “likely sharp new product ramp” in the second half of 2025, according to an analyst.
- 12/16/2024
|
Broadcom Hits $1T Market Cap: Are Broadcom ETFs the Next NVIDIA?
- Broadcom shares just saw its best ever trading day on Friday and hit a $1T market-cap. Analysts view upbeat long-term outlook.
- 12/16/2024
|
Could Broadcom Join the League of the Magnificent 7?
- Depending on who you ask, Broadcom (NASDAQ:AVGO) is already considered to be a part of the Magnificent Seven as Tesla (NASDAQ:TSLA) supposedly received the boot from the exclusive basket of high-performing, AI-leveraging tech titans when shares dragged their feet into a nasty bear market.
- 12/16/2024
|
Here's how much Broadcom investors will receive in upcoming dividend
- As American semiconductor designer Broadcom (NASDAQ: AVGO) revels from an impressive quarterly earnings report, the company's shareholders have more rewards on the way from the expected dividend payout.
- 12/16/2024
|
Broadcom Hones In On Custom ASICs For Growth
- Broadcom's FY24 ended with strong growth in networking chips, driven by custom AI ASICs and improved server & storage chip performance, hinting at a strong runway for eFY25. The integration of VMware significantly boosted AVGO's revenue and margins. Management anticipates improved margins going forward for infrastructure software. Management forecasts continued growth in AI accelerators and networking, expecting a serviceable addressable market of $60–90 billion by FY27, despite potential margin pressures.
- 12/16/2024
|
Broadcom: Keep Calm And Let Profits Ride
- AI-led growth acceleration has a long runway in Broadcom's semiconductor solutions business, driven by shipment volume increases. VMware is driving strong margin expansion at a faster-than-expected rate. Broad-based upgrades to revenue, gross margins, and operating profit estimates by Wall St. analysts are bullish fundamental signs.
- 12/16/2024
|
Broadcom: Don't Let Your AI Enthusiasm Go Overboard (Rating Downgrade)
- Broadcom unleashed a three-year AI outlook that likely stunned even the most bullish AVGO investors, which sent the stock surging. Management projected AI SAM of $60B-$90B by 2027, as hyperscalers seek custom AI chips to diversify their reliance on Nvidia. Broadcom has transformed itself into an AI powerhouse, built on its market-leading custom chips and networking prowess.
- 12/14/2024
|
Broadcom's long and winding path to the trillion-dollar club, and how Trump played a role
- Broadcom became the eighth U.S. tech company to eclipse $1 trillion in market cap on Friday. The stock jumped 24%, its best day on record, after a profit beat and optimistic guidance.
- 12/14/2024
|
Broadcom enters the trillion-dollar club on AI strength
- Shares in the semiconductor giant Broadcom (Nasdaq: AVGO) are urging in early market trading this morning after the company announced its Q4 2024 earnings, in which it revealed that its AI revenue skyrocketed 220%. At the time of this writing, AVGO shares are up over 20%, and with their rise, Broadcom is now the latest tech giant to surpass a trillion-dollar market cap.
- 12/14/2024
|
Broadcom: Why This Rally Is Not Over Yet
- Broadcom's Q4 earnings report showed a bottom line beat, 51% revenue growth, and strong free cash flow, driven by AI spending. The company announced a partnership with Apple to develop custom AI server chips, enhancing its position in the growing AI hardware market. Broadcom raised its dividend by 11% and provided strong revenue guidance for Q1 FY 2025, indicating continued growth potential.
- 12/14/2024
|
Broadcom Will Benefit From Taking Nvidia And AMD's Largest Customers (Rating Upgrade)
- Broadcom is nearing a $1 trillion valuation, driven by strong earnings growth and the acquisition of VMware, with a P/E ratio of ~30. The company's AI segment is booming, with 220% YoY growth and partnerships with three large customers, aiming for a $75 billion market opportunity by 2027. Broadcom's semiconductor segment saw 12% YoY growth, and infrastructure software revenue nearly tripled, indicating strong demand and future growth potential.
- 12/13/2024
|
S&P 500 Gains and Losses Today: Broadcom Stock Soars as Earnings Show AI Strength
- Major U.S. equities indexes were mixed and little changed to wrap up a trading week that delivered several key economic data points. Despite indications of sticky inflation, traders widely expect another interest-rate cut when the Federal Reserve convenes next week for its final policy meeting of 2024.
- 12/13/2024
|
Stock Market Ends Week Mixed As Broadcom Roars; Fed Meeting, PCE Data Loom
- The stock market ended mixed, with the Nasdaq gaining as the Dow Jones fell. The latest Fed meeting and comments from Jerome Powell loom.
- 12/13/2024
|
Stock Market Today: Broadcom Earnings Boost the Nasdaq
- Broadcom became the latest member of the $1 trillion market-cap club after its quarterly results, while RH also rallied on earnings.
- 12/13/2024
|
Interactive Brokers' Steve Sosnick weighs in on Broadcom
- Steve Sosnick, chief strategist at Interactive Brokers, joins CNBC's 'The Exchange' to what's driving the recent rally, his outlook on the markets heading into next year, and more.
- 12/13/2024
|
Broadcom Leads Tech Rally Higher
- Ipek Ozkardeskaya, Swissquote senior analyst, discusses the continued strength of big name tech stocks as Broadcom soars to a $1T valuation. She joins Tim Stenovec on "Bloomberg Technology.
- 12/13/2024
|
BofA raises its Broadcom price target
- Vivek Arya, senior semiconductor analyst at BofA Securities, joins CNBC's 'The Exchange' to discuss Broadcom's earnings report, what to watch for in semiconductors next year, and more.
- 12/13/2024
|
Nvidia's stock is missing out on the big chip rally after Broadcom earnings
- One analyst notes that the type of AI chip Broadcom makes could pick up market share relative to “costly” graphics processing units.
- 12/13/2024
|
Chart of the Day: Broadcom
- Broadcom hits a trillion dollars in market cap on the back of earnings, and it's our Chart of the Day. The CNBC 'Halftime Report' Investment Committee discusses the name and how to trade it now.
- 12/13/2024
|
Broadcom hits $1T market cap after CEO's ‘huge' AI prediction
- Big Tech's push to diversify beyond Nvidia's pricey and supply-constrained AI processors has been a windfall for Broadcom, which makes custom chips for major cloud companies.
- 12/13/2024
|
Broadcom's AI Chip Leadership Puts Pressure on Nvidia and Marvell, Analysts Say
- Broadcom Inc AVGO stock surged Friday after it reported better-than-expected fourth-quarter adjusted EPS results and raised its quarterly common stock dividend.
- 12/13/2024
|
Broadcom Q4 Earnings Beat Estimates, Shares Rise on Strong Q1 View
- AVGO's fourth-quarter fiscal 2024 results benefit from strong demand for AI networking and VMware solutions.
- 12/13/2024
|
Broadcom Beats Earnings Estimates as AI Revenue Triples
- Broadcom ( AVGO ), one of America's premier semiconductor companies, announced Q4 earnings results Thursday afternoon and beat analyst earnings estimates by 2%.
- 12/13/2024
|
Broadcom: Turning the Mag 7 Into 8 Trillion-Dollar Tech Giants
- Broadcom NASDAQ: AVGO is on the verge of turning the Magnificent Seven into Eight. The Mag Seven are the top U.S. stocks by market cap, all tech names, and the only United States stocks with trillion-dollar market caps.
- 12/13/2024
|
Broadcom Stock Soars as Analysts Grow More Bullish on Chipmaker's AI Potential
- Broadcom (AVGO) shares rocketed higher Friday, a day after the company's fiscal fourth-quarter results topped expectations, leading several analysts to raise their price targets.
- 12/13/2024
|
Prediction: This Is When Broadcom Will Split Its Stock Next
- Broadcom (NASDAQ:AVGO) just became the next trillion-dollar stock, only the 10th company with such a large valuation.
- 12/13/2024
|
Broadcom AI demand outlook gives investors 'reason to dream': Analyst
- In its fiscal fourth quarter performance, semiconductor manufacturer Broadcom (AVGO) forecasts booming AI demand in the year to come and beyond. Bernstein Managing Director and Senior Analyst Stacy Rasgon sits down with The Morning Brief's Seana Smith and Brad Smith to talk more about Broadcom's earnings print, the artificial intelligence landscape at large, and what this could even mean for competitor Nvidia (NVDA).
- 12/13/2024
|
Broadcom Joins the $1 Trillion Club. What Comes Next for the Stock.
- The average price target on Wall Street suggests analysts' optimism might be tested.
- 12/13/2024
|
Broadcom CEO Just Delivered Fantastic News for Artificial Intelligence (AI) Semiconductor Stock Investors
- In today's video, I discuss recent updates affecting Broadcom (AVGO 19.85%) and other semiconductor companies. To learn more, check out the short video, consider subscribing, and click the special offer link below.
- 12/13/2024
|
Nvidia Stock Gains. What Broadcom Earnings Mean for the AI Chip Maker.
- Broadcom backed up Nvidia's projections that large technology companies have an appetite for building data centers with up to 10 times as many AI chips as today.
- 12/13/2024
|
Broadcom Stock Jumps on Surging AI Chip Sales. CEO Sees ‘Massive' Opportunity.
- The chip company delivered an earnings beat along with a better-than-expected sales forecast for the current quarter.
- 12/13/2024
|
Broadcom Q4 Earnings: Why I'm Now Sticking To The Sidelines
- Broadcom's valuation at 38x forward free cash flow is high, making me cautious despite its strong earnings and impressive profitability metrics. Revenue growth is expected to decelerate, with fiscal Q1 2025 projections lower than fiscal Q4 2024, raising concerns about future performance. Broadcom's $58 billion net debt and competitive pressures, particularly from Nvidia, add to the risks of sustaining its premium valuation.
- 12/13/2024
|
Watch These Broadcom Price Levels as Stock Soars on Strong AI Sales Growth
- Broadcom (AVGO) shares surged in extended trading Thursday after the chipmaker reported better-than-expected earnings and issued a rosy outlook amid robust AI-driven sales growth.
- 12/12/2024
|
Broadcom's projections show more evidence of the AI boom expanding beyond Nvidia
- Broadcom's stunning projection for its potential opportunity in 2027 is more evidence that the artifical-intelligence boom in semiconductors is expanding beyond Nvidia — but there still is a lot of risk in its forecast.
- 12/12/2024
|
Broadcom Inc. (AVGO) Q4 2024 Earnings Call Transcript
- Broadcom Inc. (NASDAQ:AVGO ) Q4 2024 Earnings Conference Call December 12, 2024 5:00 PM ET Company Participants Ji Yoo - Head, IR Hock Tan - President & CEO Kirsten Spears - CFO Conference Call Participants Blayne Curtis - Jefferies CJ Muse - Cantor Fitzgerald Joseph Moore - Morgan Stanley Harlan Sur - JPMorgan Stacy Rasgon - Bernstein Ben Reitzes - Melius Research Ross Seymore - Deutsche Bank Vivek Arya - Bank of America Harsh Kumar - Piper Sandler Toshiya Hari - Goldman Sachs William Stein - Truist Securities Vijay Rakesh - Mizuho Securities Operator Welcome to the Broadcom Inc. Fourth Quarter and Fiscal Year 2024 Financial Results Conference call. At this time, for opening remarks and introductions, I would like to turn the call over to Ji Yoo, Head of Investor Relations of Broadcom, Inc. Ji Yoo Thank you, Cherie, and good afternoon, everyone.
- 12/12/2024
|
Broadcom Inc. (AVGO) Q4 Earnings Beat Estimates
- Broadcom Inc. (AVGO) came out with quarterly earnings of $1.42 per share, beating the Zacks Consensus Estimate of $1.39 per share. This compares to earnings of $1.11 per share a year ago.
- 12/12/2024
|
Broadcom Earnings: This Train Cannot Be Stopped
- Broadcom Inc. reported earnings after the close Thursday. AI revenue continues to drive top line and earnings growth. Best-in-class margins and cash flow make AVGO stock worthy of a Buy.
- 12/12/2024
|
Why Broadcom Stock Sagged Today
- Prominent chip stock Broadcom (AVGO -1.39%) got chipped on Thursday, on news that a top client might be accelerating a move away from its hardware. Investors traded Broadcom's shares down by more than 1% on the news, a steeper fall than the 0.5% drop recorded by the bellwether S&P 500 index.
- 12/12/2024
|
Broadcom's Earnings Exceed Expectations on AI Revenue Growth
- Broadcom (AVGO) reported fiscal fourth-quarter earnings that topped analysts' expectations, sending shares higher in extended trading Thursday.
- 12/12/2024
|
Broadcom earnings show just how much AI has helped its business in the past year
- The chip maker booked 220% growth in AI semiconductor revenue for the latest fiscal year.
- 12/12/2024
|
Broadcom shares spike after reporting mixed earnings
- Stacy Rasgon, Bernstein senior analyst, joins 'Closing Bell Overtime' to talk Broadcom quarterly results.
- 12/12/2024
|
Broadcom beats on profit, says AI revenue more than tripled this year
- Broadcom reported better-than-expected fourth-quarter earnings on Thursday, though revenue came in a little light. Broadcom is seeing soaring demand from the boom in generative AI infrastructure.
- 12/12/2024
|
Broadcom shares hit record high as AI revenue surges in 4Q
- Broadcom Inc (NASDAQ:AVGO, ETR:1YD) shares jumped to a record high in after-hours trading on Thursday after the chipmaker reported record-breaking results driven by surging demand for artificial intelligence (AI) technology. The company posted fiscal fourth-quarter revenue of $14.1 billion, in line with Wall Street estimates, while adjusted earnings per share of $1.42 and EBITDA of $9.09 billion both exceeded expectations.
- 12/12/2024
|
Broadcom Stock Rises On Reassuring Q4 Results, Fueled By AI Chip Sales
- Broadcom delivered roughly in-line results for its fiscal fourth quarter, helped by strong sales of AI processors and networking chips. The post Broadcom Stock Rises On Reassuring Q4 Results, Fueled By AI Chip Sales appeared first on Investor's Business Daily.
- 12/12/2024
|
Broadcom forecasts first-quarter revenue above estimates
- Broadcom forecast its first-quarter revenue above Wall Street estimates on Thursday, betting on booming demand for its custom artificial intelligence chips and networking gear from cloud providers doubling down on GenAI infrastructure adoption.
- 12/12/2024
|
Broadcom Inc. Announces Fourth Quarter and Fiscal Year 2024 Financial Results and Quarterly Dividend
- Revenue of $14,054 million for the fourth quarter, up 51 percent from the prior year period GAAP net income of $4,324 million for the fourth quarter; Non-GAAP net income of $6,965 million for the fourth quarter Adjusted EBITDA of $9,089 million for the fourth quarter, or 65 percent of revenue GAAP diluted EPS of $0.90 for the fourth quarter; Non-GAAP diluted EPS of $1.42 for the fourth quarter Cash from operations of $5,604 million for the fourth quarter, less capital expenditures of $122 million, resulted in $5,482 million of free cash flow, or 39 percent of revenue Quarterly common stock dividend increased by 11 percent from the prior quarter to $0.59 per share First quarter fiscal year 2025 revenue guidance of approximately $14.6 billion, an increase of 22 percent from the prior year period First quarter fiscal year 2025 Adjusted EBITDA guidance of approximately 66 percent of projected revenue (1) PALO ALTO, Calif. , Dec. 12, 2024 /PRNewswire/ -- Broadcom Inc. (Nasdaq: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today reported financial results for its fourth quarter and fiscal year ended November 3, 2024, provided guidance for its first quarter of fiscal year 2025 and announced its quarterly dividend.
- 12/12/2024
|
Live Updates: Will Broadcom (AVGO) Soar After Tonight's Earnings?
- Broadcom (Nasdaq: AVGO) is reporting earnings after the bell. We'll be updating this live blog tracking Wall Street's reactions to the earnings, how they compare to expectations, and conference call commentary from the company.
- 12/12/2024
|
Broadcom: Bullish Momentum Builds As Q4 Earnings, Apple Partnership Take Center Stage
- Broadcom Inc AVGO will be reporting its fourth-quarter earnings on Thursday. Wall Street expects $1.38 in EPS and $14.10 billion in revenues as the company reports after market hours.
- 12/12/2024
|
What Wall Street Analysts Think of Broadcom's Stock Ahead of Earnings
- Broadcom (AVGO) will report fourth-quarter earnings after the market closes on Thursday, with analysts overwhelmingly bullish on the chipmaker's prospects.
- 12/12/2024
|
Billionaire Ole Andreas Halvorsen Just Sold All of His Broadcom Stock and Piled Into This Year's Top Dow Jones Performer
- The investment community eagerly awaits a particular filing every quarter -- and it's one that offers us a view into the latest moves of the world's top investors. This particular moment happened a few weeks ago when institutional investors managing at least $100 million filed their 13F forms with the Securities and Exchange Commission (SEC).
- 12/12/2024
|
S&P 500 Gains and Losses Today: Broadcom Soars on Reports of Apple AI Chip Tie-Up
- Major U.S. equities indexes were mixed Wednesday following the release of the latest Consumer Price Index (CPI) report.
- 12/11/2024
|
Broadcom's AI Edge: 'Apples-to-Oranges Comparison' Shows ASICs Outgrowing GPUs, Says Analyst
- With fourth quarter results set to be unveiled on Dec. 12, Broadcom Inc. AVGO is projected to deliver a standout performance. Rosenblatt analyst Hans Mosesmann expects a "beat and modest raise" for the quarter, driven by the company's surging AI-related silicon revenue and VMware upside.
- 12/11/2024
|
Three-Stock Lunch: Macy's, Mondelēz, & Broadcom
- Matt Maley, chief market strategist at Miller Tabak and Company, joins CNBC's 'Power Lunch' to discuss three stocks.
- 12/11/2024
|
Why Broadcom Stock Was Climbing Today
- Shares of Broadcom (AVGO 6.06%) were moving higher today on reports that it was teaming up with Apple (AAPL 0.99%) on an artificial intelligence (AI) chip.
- 12/11/2024
|
Here's why Broadcom stock is surging
- One of the most dominant narratives that has driven financial markets in the past two years is the potential of artificial intelligence to reshape entire industries and open up a new frontier in terms of efficiency. Unsurprisingly, semiconductor stocks have been some of the best performers in that timeframe.
- 12/11/2024
|
What Wall Street Analysts Think of Broadcom's Stock Ahead of Earnings
- Broadcom (AVGO) will report fourth-quarter earnings after the market closes on Thursday, and analysts are uniformly bullish on the semiconductor manufacturer.
- 12/10/2024
|
This Artificial Intelligence (AI) Stock-Split Stock Has Surged in 2024. But Is Broadcom Stock a Buy for 2025?
- In 2024, shares of semiconductor and infrastructure software maker Broadcom (AVGO -0.33%) have returned 63% through Friday, Dec. 6, compared to the S&P 500's return of 29%. The stock has probably gotten a little boost from the company's 10-for-1 stock split, which occurred in July.
- 12/10/2024
|
Broadcom Likely For Upside Backed By AI Pipeline, Market Recovery, VMWare Synergy: Analyst
- JP Morgan analyst Harlan Sur maintained an Overweight rating on Broadcom Inc AVGO with a price target of $210.
- 12/09/2024
|
Broadcom Q4 Preview: Upgrade Due To Revised VMware Strategy, New Custom AI Chip
- Upgrading Broadcom Inc. to a “Buy” rating due to positive developments in VMware strategy and promising 3.5D XPSiP AI chip technology, with a fair value of $209 per share. Broadcom's 3.5D XPSiP technology significantly improves interconnect density and power efficiency, potentially accelerating custom AI chip growth. VMware strategy was revised to focus on the top 500 users, likely stabilizing relationships with channel partners and reducing customer loss risk.
- 12/09/2024
|
Wall Street Analysts Think Broadcom Inc. (AVGO) Is a Good Investment: Is It?
- 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.
- 12/09/2024
|
Will Broadcom Inc. (AVGO) Beat Estimates Again in Its Next Earnings Report?
- Broadcom Inc. (AVGO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 12/09/2024
|
Broadcom stock unique pattern points to AVGO hitting $200
- Broadcom stock price is hovering near its all-time high as its march towards the $1 trillion market cap intensified. AVGO was trading at $180, a few points below the all-time high of $186.
- 12/09/2024
|
Is Broadcom Stock a Buy Now?
- Investors looking for artificial intelligence (AI) stocks have plenty of options. But while there's no shortage of AI stocks to choose from, a few stand out among the rest.
- 12/08/2024
|
Options Action: Traders betting on Broadcom rally after reporting results
- Mike Khouw, OpenInterest.Pro chief strategist, talks recent options action with the 'Fast Money' traders.
- 12/06/2024
|
Why Broadcom Should Beat Earnings Again (Preview)
- Broadcom reported quite strong results for its fiscal Q3 2024 on the back of its AI-centric strategy, VMware integration, and consolidation in its non-AI semiconductor segment. I strongly believe that the AI-centric focus, strict cost management, and successful integration of VMware set Broadcom up for success. Today's valuation of the stock looks reasonable if we take into account the prospective growth rates.
- 12/06/2024
|
Broadcom: This AI Powerhouse Is A Strong Buy
- Broadcom's stock has rebounded and may continue rising due to strong AI segment growth and potential earnings beat next week. Broadcom's AI revenues, driven by the VMWare acquisition, are expected to significantly increase, making it a solid buy for the intermediate and long term. Analysts predict substantial revenue and EPS growth, with a 12-month price target of $215, and potential stock appreciation to $450-500 by 2030.
- 12/05/2024
|
Broadcom unveils new tech to speed up custom chips amid rising GenAI demand
- Broadcom said on Thursday its custom chip unit, which makes AI processors for cloud providers, has developed new technology to enhance semiconductor speeds amid escalating demand for generative artificial intelligence infrastructure.
- 12/05/2024
|
Broadcom Delivers Industry's First 3.5D F2F Technology for AI XPUs
- Combination of 3D silicon stacking and 2.5D packaging technology enables custom compute platforms with breakthrough performance, power and cost Combination of 3D silicon stacking and 2.5D packaging technology enables custom compute platforms with breakthrough performance, power and cost
- 12/05/2024
|
Best Semiconductor Stocks to Buy for 2025: Qualcomm vs. Broadcom
- Semiconductor stocks are performing well in 2024 due to rising demand for artificial intelligence.
- 12/05/2024
|
Why Broadcom Inc. (AVGO) Outpaced the Stock Market Today
- In the closing of the recent trading day, Broadcom Inc. (AVGO) stood at $168.15, denoting a +0.98% change from the preceding trading day.
- 12/03/2024
|
Broadcom: The More It Drops, The More I'll Buy
- Broadcom is poised for a strong Q4 earnings report driven by AI tailwinds, with expected revenue and free cash flow surges, and higher gross margins. Favorable EPS estimate revisions and strong AI product demand justify a speculative buy, despite high valuation. Broadcom's AI-optimized products, like Jericho3-AI, capitalize on the growing AI market, expected to double to $632B by FY 2028.
- 12/03/2024
|
Privileged Access Management Solutions Market Skyrockets to $5.95 Billion by 2031 Dominated by Tech Giants - Broadcom Inc., CyberArk Software Ltd. and International Business Machines Corp | The Insight Partners
- The global privileged access management solutions market is set for explosive growth, with projections indicating a surge to $5.95 Billion by 2031. This remarkable expansion, driven by rise in demand for protection against insider threats and emergence of intelligence-based privileged access management solutions.
- 12/03/2024
|
25 Best Stocks to Own in December, Including Broadcom
- After a particularly strong November , traders are eager to protect their profits as the year winds down.
- 12/02/2024
|
Arista Networks, Palo Alto To Join Nvidia, Broadcom, Super Micro In 2024 Stock Splits
- Nvidia stock has gained 175% in 2024 but most of the gain came before its June stock split. Arista stock and Palo Alto stock will soon split.
- 12/02/2024
|
Broadcom: I'm Very Thankful For This Pullback
- Broadcom has underperformed its technology sector peers recently as the market reallocated away from semiconductor stocks. Broadcom remains well-positioned to capitalize on the surge in hyperscale spending in 2025. Custom AI chips are expected to be increasingly pivotal as hyperscalers seek to lower their AI scaling costs.
- 12/01/2024
|
Broadcom Inc. (AVGO) Is a Trending Stock: Facts to Know Before Betting on It
- Broadcom Inc. (AVGO) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 11/29/2024
|
Is Broadcom Stock a Buy?
- While Nvidia has been the biggest semiconductor stock winner from the artificial intelligence (AI) infrastructure buildout, Broadcom (AVGO -3.08%) could be poised to be the next big winner in the space. The stock is trading up about 47% on the year as of this writing, but down about 12% from its recent highs.
- 11/29/2024
|
Billionaire Ole Andreas Halvorsen Dumped Viking's Entire Stake in Broadcom in Favor of a Globally Dominant Company That's Risen Nearly 2,400% Since Its IPO
- In case you missed it, one of the most important data releases of the entire quarter occurred on Nov. 14. While most investors were honing in on earnings releases and the October inflation report, institutional investors were filing Form 13F with the Securities and Exchange Commission.
- 11/26/2024
|
Broadcom Inc. (AVGO) Outperforms Broader Market: What You Need to Know
- The latest trading day saw Broadcom Inc. (AVGO) settling at $164.82, representing a +0.36% change from its previous close.
- 11/25/2024
|
Arrow Electronics Authorized by Broadcom to Provide VMware Solutions to North America Channel Partners
- CENTENNIAL, Colo.--(BUSINESS WIRE)--Arrow Electronics (NYSE: ARW) announced today that it has signed a new agreement with Broadcom for the distribution of VMware solutions in the U.S. and Canada. “Arrow is excited to further strengthen our relationship with Broadcom with the availability of VMware solutions in our North America portfolio,” said Ben Klay, president of Arrow's enterprise computing solutions business in North America. “Our extensive experience with VMware and in-depth knowledge of.
- 11/25/2024
|
Better Artificial Intelligence Stock: Broadcom vs. Nvidia
- Among the companies benefiting from artificial intelligence (AI) entering the mainstream are semiconductor giants Broadcom (AVGO 1.48%) and Nvidia (NVDA -1.85%). The arrival of AI supercharged sales for both businesses as customers sought the necessary hardware and software to implement AI into their organizations.
- 11/25/2024
|
Better Artificial Intelligence Stock: Broadcom vs. AMD
- It's a good time to invest in the fast-growing artificial intelligence (AI) industry. The market for AI is expected to surpass $184 billion this year, and forecast to reach more than $826 billion by 2030.
- 11/24/2024
|
Does Billionaire Ken Griffin Know Something Wall Street Doesn't? The Citadel Chief Sold More than Half His Broadcom Stock and Is Piling Into Another Artificial Intelligence (AI) Stock-Split Stock Instead
- Ken Griffin is arguably one of the most successful investors of all time. He made a name for himself when he shorted stocks just ahead of the 1987 market crash that came to be known as "Black Monday.
- 11/24/2024
|
Will Chip Giant Broadcom Be the Next $1 Trillion Company?
- Will Chip Giant Broadcom Be the Next $1 Trillion Company?
- 11/23/2024
|
Has Broadcom (AVGO) Outpaced Other Computer and Technology Stocks This Year?
- Here is how Broadcom Inc. (AVGO) and American Superconductor (AMSC) have performed compared to their sector so far this year.
- 11/21/2024
|
Broadcom's Winning Formula: AI, Diversification, And Market-Beating Returns
- Broadcom's AI segment is expected to generate 25% of its revenue in 2024, benefiting from partnerships with OpenAI and diversification efforts. Despite risks from Apple's in-house chip development, Broadcom's VMware acquisition has reduced reliance on hardware, expanding its software footprint to 46% of revenue. Trading at a Forward P/E of 26.6x for FY25, Broadcom offers an attractive valuation compared to Nvidia and in line with AMD.
- 11/20/2024
|
Broadcom Has Changed Significantly In The Last Year
- Broadcom's strategic VMWare acquisition has reduced dependency on major clients like Apple and diversified revenue. AVGO's critical role in Internet and AI infrastructure, with 99% of Internet traffic passing through at least one Broadcom chip, underscores its market strength. The near-term success and potential long-term value of the VMWare deal validate Broadcom's effective M&A strategy.
- 11/20/2024
|
Will Broadcom Be the Next AI Stock To Split Again?
- Broadcom (NASDAQ:AVGO) stock has been one of the hottest semiconductor picks over the past two years, more than tripling to an astounding 220% gain.
- 11/19/2024
|
Broadcom Inc. (AVGO) Laps the Stock Market: Here's Why
- In the latest trading session, Broadcom Inc. (AVGO) closed at $165.67, marking a +0.5% move from the previous day.
- 11/18/2024
|
Bears Tripled Their Money With Broadcom Puts
- Expiration Week Countdown subscribers just tripled their money with our Broadcom Inc (NASDAQ:AVGO) November 184 put recommendation.
- 11/18/2024
|
Broadcom Inc. (AVGO) is Attracting Investor Attention: Here is What You Should Know
- Recently, Zacks.com users have been paying close attention to Broadcom Inc. (AVGO). This makes it worthwhile to examine what the stock has in store.
- 11/18/2024
|
Broadcom's AI Boom Vs. Trump 2.0 Risks
- Broadcom's FY2024 AI revenue is projected to surpass $12 billion, driven by surging demand and strategic partnerships. VMware added $3.8 billion to Q3 revenue, doubling infrastructure software contributions and diversifying Broadcom's income streams. Trump 2.0 proposes a 60% China tariff, potentially disrupting 32% of Broadcom's revenue tied to Chinese markets.
- 11/15/2024
|
Viking Fund Management Sells Big Oil Stocks In Q3, Cuts Tesla Position In Half, Adds To Largest Position Broadcom
- A new 13F filing from Viking Fund Management reveals which companies the fund bought and sold in the third quarter, including exiting some oil companies ahead of the 2024 election.
- 11/14/2024
|
3 Reasons Broadcom Stock is a Buy: Beyond the 81% Jump in a Year
- AVGO's strong portfolio and expanding AI offerings make its top-line growth prospects bright.
- 11/13/2024
|
Broadcom (AVGO) Price Prediction and Forecast 2025-2030
- The explosive demand for semiconductors and microchips has grabbed news headlines and led the market higher over the past few years. As the drive towards integrating artificial intelligence (AI) into our everyday lives progresses, there are a handful of mega-cap companies that are capable of meeting that demand. And as much NVIDIA Corp. (NASDAQ: NVDA) may get the lion’s share of attention, it is companies like Broadcom Inc. (NASDAQ: AVGO) that will also be playing a central role in supply. The San Jose, Calif.-based company, which was founded in 1961, has been a major player in the tech space for decades. But its business sectors focusing on semiconductors and infrastructure software products have been major catalysts in its market cap pushing toward $1 trillion market capitalization — good for a top 15 among all publicly traded companies. Despite shares of Broadcom gaining over 696.01% in the past five years and 53.23% in 2024, 24/7 Wall Street has performed an analysis that suggests there is still a big-time upside for Broadcom before the end of the decade. Here is where prospective investors and current shareholders might expect the stock to be over the course of the next five years. Key Points in This Article: Broadcom’s history of stellar earnings and strong revenue generation suggests the ability of the company to remain one of the most appealing semiconductor and software stocks. With the burgeoning AI trend and a recent stock split, Broadcom is increasingly appealing and more accessible to investors. If you’re looking for a megatrend with massive potential, make sure to grab a complimentary copy of our “The Next NVIDIA” report. This report breaks down AI stocks with 10x potential and will give you a huge leg up on profiting from this massive sea change. Broadcom’s Recent Stock Success Broadcom’s incredible growth has been reflected in the price of its shares, which have surged since 2014 to the tune of a 3,170% gain. This culminated on July 15, 2024, when the company announced a 10-for-1 stock split that made its shares more accessible to all investors by driving the stock’s price down to $167 at the time. Beyond its role in AI and semiconductors, Broadcom is also a major supplier for Apple Inc. (NASDAQ: AAPL), providing the Magnificent Seven mainstay with critical wireless connectivity components and other hardware. According to the company, Broadcom expects 20% growth in wireless revenue just in the final quarter of 2024. Between its semiconductor, software and smartphone business segments, the stock has experienced sizable growth in the recent past: INSERT TABLE HERE Year Share Price* Revenue** Net Income** 2014 $10.06 $4.244 $1.343 2015 $14.63 $6.897 $2.613 2016 $18.19 $13.269 $4.672 2017 $25.69 $17.656 $7.255 2018 $25.36 $20.805 $9.391 2019 $31.65 $22.548 $9.452 2020 $43.79 $23.858 $9.993 2021 $66.48 $27.403 $12.578 2022 $55.24 $33.169 $16.526 2023 $111.63 $35.798 $18.378 *Post-split adjusted basis , **Revenue and net income in $billions Over the course of the last decade, Broadcom’s revenue grew by more than 743% while its net income increased by over 1,268%. Despite a slight contraction in share price in 2022 during an extended bull market that had an outsized impact on the tech sector, on a post-split adjusted basis, shares of Broadcom have climbed 1,009.64% from 2014 through 2023. As the Silicon Valley mainstay looks towards the second half of the decade, 24/7 Wall Street has identified three key drivers that are likely to positively impact Broadcom’s growth metrics and stock performance through 2030. Key Drivers of Broadcom’s Stock Performance 1. Exceptional Track Record of Earnings and Revenue Beats: Going back to the first quarter of 2015, Broadcom has beaten earnings in every single quarter except one. That is one earnings miss over the course of 39 quarters. Expectations are that the company will continue to beat on earnings and revenue, with a forecast earnings per share (EPS) of $1.39 for the last quarter of 2024. In the third quarter of 2024, the company posted an impressive 17.65% year-over-year EPS gain, which year-over-year total revenue grew from $8.88 billion in July 2023 to $13.07 billion in July 2024 — an increase of 47.18%. 2. Filling the Gap NVIDIA Cannot Satisfy: For investors concerned about NVIDIA’s possible overvaluation or the company’s inability to single-handedly satisfy the explosive AI-driven semiconductor demand, Broadcom is an alternative that at current prices could be considered a bargain. In September, Barchart.com reported that the “stock looks deeply undervalued … based on its strong revenue, free cash flow, FCF margin, management guidance and analysts’ price targets.” Specifically, that free cash flow has grown markedly between FY 2019 to FY 2023, from $9.27 billion to $17.63 billion good for an increase of over 90%. As demand for semiconductors and microchips continues to grow, Broadcom has an abundance of cash ready to be deployed in order to match that growth. 3. Institutional Ownership: Broadcom is beloved by institutional investors, of which there are 3,382. Of the company’s 4.671 billion shares outstanding, a staggering 3.537 billion of them are held by institutional investors, according to Nasdaq.com. That accounts for 75.74% of the company’s entire stock. The top three largest holders are Vanguard Group with 448 million shares followed by BlackRock at 342 million and Capital World Investors with 224 million shares. Together, those three positions account for $175.432 million in share value. And in the past year, 1,760 institutional investors increased their positions. Broadcom (AVGO) Price Prediction in 2025 The current consensus median one-year price target for Broadcom is $195, representing a potential upside of 9.15% over the next 12 months. Of all the analysts covering Broadcom, the stock is a consensus buy, with a 1.43 ‘Buy’ rating on a scale from 1 (‘Strong Buy’) to 5 (‘Strong Sell’). By the end of 2025, 24/7 Wall Street‘s forecast for AVGO shares is $204.27, representing an 14.33% potential upside based on an EPS of $6.19 and a PE ratio of 33. Broadcom (AVGO) Stock Forecast Through 2030 Year Revenue* EPS 2025 $60.492 $6.19 2026 $67.906 $7.29 2027 $75.850 $8.82 2028 $85.222 $11.94 2029 $84.920 $14.93 2030 $86.618 $18.66 *Revenue and net income in $billions How Broadcom’s Next Five Years Could Play Out At the end of 2025, we forecast Broadcom’s stock to be trading for $204.27 based on revenue of $60.492 billion, a net income of $34.224 billion, and an EPS of $6.19. The following year, we estimate earnings per share of $7.29 on over $67 billion in revenue. Starting in 2027 through 2029, we expect a 13% growth in revenue and a 40% jump in earnings per share, bringing Broadcom’s price target from $238.14 in 2027 to $373.13 in 2029. Broadcom’s Price Target for 2030 By the conclusion of 2030, 24/7 Wall Street estimates Broadcom’s stock will trade at $429.09, representing a 140.17% increase from its current price, based on revenue of $86.618 billion and an EPS of $18.66. Year Price Target 2025 $204.27 2026 $196.83 2027 $238.14 2028 $322.38 2029 $373.13 2030 $429.09 Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored) Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today. Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month. Click here now to get started. The post Broadcom (AVGO) Price Prediction and Forecast 2025-2030 appeared first on 24/7 Wall St..
- 11/12/2024
|
Broadcom Inc. (AVGO) Falls More Steeply Than Broader Market: What Investors Need to Know
- Broadcom Inc. (AVGO) concluded the recent trading session at $176.07, signifying a -1.59% move from its prior day's close.
- 11/12/2024
|
Broadcom Inc. to Announce Fourth Quarter and Fiscal Year 2024 Financial Results on Thursday, December 12, 2024
- PALO ALTO, Calif. , Nov. 12, 2024 /PRNewswire/ -- Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced it will report its fourth quarter and fiscal year 2024 financial results and business outlook on Thursday, December 12, 2024 after the close of the market.
- 11/12/2024
|
Opinion: Broadcom (AVGO) Is the Best Chip Stock to Buy for AI's Next Growth Phase
- Broadcom (NASDAQ:AVGO) was late to the artificial intelligence game, but it is making up for lost time.
- 11/06/2024
|
Broadcom Inc. (AVGO) Is a Trending Stock: Facts to Know Before Betting on It
- Broadcom Inc. (AVGO) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 11/06/2024
|
Why Broadcom Inc. (AVGO) is Poised to Beat Earnings Estimates Again
- Broadcom Inc. (AVGO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 11/05/2024
|
Broadcom Unveils VeloRAIN, an Industry-First for Robust AI Networking Beyond the Data Center
- BARCELONA, Spain, Nov. 05, 2024 (GLOBE NEWSWIRE) -- To accelerate enterprises' readiness to further connect and support AI and non-AI workloads, Broadcom Inc. (NASDAQ: AVGO) today announced major advancements across its VeloCloud product portfolio as well as a new partner program. This includes: The launch of the VeloRAIN (Robust AI Networking) architecture that uses AI/ML to improve the performance and security of distributed AI workloads.
- 11/05/2024
|
Broadcom and Telia Announce Expanded Partnership to Further Transform Telco and Cloud Infrastructure
- PALO ALTO, Calif. and SOLNA, Sweden, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ: AVGO) and Telia Company (STO: TELIA) today announced the expansion of their longtime partnership with a new multi-year agreement, which will see Telia further modernize and transform its telco and cloud infrastructure with the VMware product portfolio.
- 11/05/2024
|
Is It Worth Investing in Broadcom Inc. (AVGO) Based on Wall Street's Bullish Views?
- When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
- 11/04/2024
|
LicenseFortress Achieves 82.9% NPS in 2024 Amid Complex Licensing Changes for Java and Broadcom Customers
- LOS ANGELES--(BUSINESS WIRE)-- #NPSscore--LicenseFortress continues to deliver exceptional customer satisfaction in 2024, earning a Net Promoter Score (NPS) of 82.9%, an upward trend from 2023, independently verified by ClearlyRated. This impressive score surpasses the technology services industry 2023 average of 42%, reflecting LicenseFortress' expertise in guiding customers through significant licensing challenges. This year, Oracle's shift to an employee-based Java licensing model has created new challe.
- 11/01/2024
|
Why Broadcom Stock Is Gaining Today
- According to a recent report, Broadcom has forged a new partnership with one of AI's most important and influential players.
- 10/29/2024
|
AI predicts Broadcom stock price for year-end
- Broadcom Inc. (NASDAQ: AVGO) has garnered considerable attention for its strong market presence across the semiconductor and enterprise software sectors.
- 10/29/2024
|
Exclusive: OpenAI builds first chip with Broadcom and TSMC, scales back foundry ambition
- OpenAI is working with Broadcom and TSMC to build its first in-house chip designed to support its artificial intelligence systems, while adding AMD chips alongside Nvidia chips to meet its surging infrastructure demands, sources told Reuters.
- 10/29/2024
|
Broadcom Inc. (AVGO) Stock Dips While Market Gains: Key Facts
- In the most recent trading session, Broadcom Inc. (AVGO) closed at $172.02, indicating a -0.57% shift from the previous trading day.
- 10/28/2024
|
Forget Nvidia and Broadcom: 1 Dominant ETF to Buy
- The tech sector rightly gets a lot of attention. It really sprang to the fore over the past two years as artificial intelligence grabbed headlines, sending chipmaker stocks like Nvidia (NASDAQ:NVDA) and Broadcom (NASDAQ:AVGO) to the stratosphere.
- 10/27/2024
|
Broadcom Inc. (AVGO) is Attracting Investor Attention: Here is What You Should Know
- Zacks.com users have recently been watching Broadcom Inc. (AVGO) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 10/25/2024
|
Broadcom: Guarded Outlook Near Record Highs
- Broadcom, Inc. has seen a YTD gain of 65.83% in 2024, driven by strong demand for AI infrastructure and semiconductor hardware. Despite surpassing earnings and revenue estimates, Broadcom's net losses were impacted by a one-time $4.5 billion tax provision. Elevated valuation metrics (forward PE, PS, price-book ratios) place Broadcom at the higher end of its peer group, limiting the potential for a "strong buy" rating.
- 10/22/2024
|
Broadcom to Host VMware Explore 2024 Barcelona for Customers and Partners
- PALO ALTO, Calif., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ: AVGO), which recently acquired VMware , is hosting VMware Explore 2024 Barcelona November 4-7 at the Fira Gran Via, featuring a variety of breakout sessions, certification training, and labs spanning relevant technology and industry topics.
- 10/22/2024
|
Broadcom Inc. (AVGO) Rises As Market Takes a Dip: Key Facts
- Broadcom Inc. (AVGO) concluded the recent trading session at $179.99, signifying a +0.06% move from its prior day's close.
- 10/21/2024
|
Wall Street sets Broadcom stock price for next 12 months
- While it hasn't seen growth as rapid as some other semiconductor giants – Nvidia (NASDAQ: NVDA) being the first to come to mind – Broadcom (NASDAQ: AVGO) has, nonetheless, seen massive success in 2024.
- 10/21/2024
|
Wall Street's Hottest Trend, Artificial Intelligence (AI), Has a Conviction Problem -- Just Ask Nvidia, Broadcom, and Advanced Micro Devices
- The optimism from CEOs of Wall Street's leading artificial intelligence (AI) companies doesn't always match their actions -- and that could be a problem.
- 10/20/2024
|
Broadcom: Spinning Revenue Into Shareholder Gold
- Broadcom's AI-driven growth remains robust, with recent strategic moves solidifying its position in the AI and cloud technology sectors. The company's strong revenue mix from software, services, and hardware, combined with exceptional FCF conversion, makes AVGO a Strong Buy. Despite potential risks like CEO transition and economic cycles, Broadcom's fundamentals and valuation are highly attractive.
- 10/19/2024
|
AI Leaders Broadcom, SentinelOne Lead 5 Stocks Near Buy Points
- The top stocks to watch tap several hot trends: artificial intelligence, natural foods, robotic surgeries and podcasts.
- 10/19/2024
|
Is Broadcom a Top Artificial Intelligence (AI) Stock to Buy Right Now?
- Broadcom's connectivity solutions are driving its AI buzz.
- 10/19/2024
|
Is Broadcom Inc. (AVGO) a Buy as Wall Street Analysts Look Optimistic?
- 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?
- 10/18/2024
|
Broadcom, Marvell Set To Lead In 2025 As Sector Is 'At The Cusp Of A Semiconductor Up-Cycle,' Says Analyst
- As the tech world navigates 2024, JPMorgan analyst Harlan Sur has one clear message for stock investors: semiconductors are back in the driver's seat.
- 10/18/2024
|
Why Stock-Split and Artificial Intelligence (AI) Stock Broadcom Rallied on Thursday
- The semiconductor and networking specialist got a big boost from another key player in artificial intelligence (AI).
- 10/17/2024
|
Broadcom's Targeted Upside Just Keeps Getting Better
- Broadcom Inc NASDAQ: AVGO has been one of the standout performers in the semiconductor space over the last two years, rising by 350%. The tech titan recently hit an all-time high, underscoring its impressive momentum as we head into the final few weeks of the year.
- 10/17/2024
|
Meet The Low-Cost Vanguard ETF That Has 20% Of Its Holdings in Nvidia, Broadcom, and AMD
- The composition of the tech sector has changed and is now heavily weighted in just a handful of top names.
- 10/17/2024
|
Broadcom: Can Growth Keep Up With Valuation?
- Broadcom excels in cutting-edge connectivity chips but shows limited growth, making its 37x forward PE ratio seem high for its performance. The VMWare acquisition boosted AVGO's revenue, but core business growth remains mediocre, with only a 4% increase in FQ3 2024. Selling the unprofitable EUC segment will enhance profitability, potentially doubling net income, and improving gross margins after initial acquisition-related dips.
- 10/16/2024
|
Is Broadcom Stock Going to $220 on the Heels of Its 10-for-1 Stock Split? 1 Wall Street Analyst Thinks So
- Wall Street analysts are boosting their price targets on Broadcom in the wake of its high-profile stock split and robust results.
- 10/15/2024
|
Broadcom Inc. (AVGO) Increases Yet Falls Behind Market: What Investors Need to Know
- In the closing of the recent trading day, Broadcom Inc. (AVGO) stood at $182.31, denoting a +0.46% change from the preceding trading day.
- 10/14/2024
|
Are You Looking for a Top Momentum Pick? Why Broadcom Inc. (AVGO) is a Great Choice
- Does Broadcom Inc. (AVGO) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 10/14/2024
|
Broadcom Inc. (AVGO) Is a Trending Stock: Facts to Know Before Betting on It
- Broadcom Inc. (AVGO) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 10/14/2024
|
Analysts revise Broadcom stock price target
- Broadcom Inc. (NASDAQ: AVGO), one of the world's leading semiconductor manufacturers, has seen remarkably good performance this year.
- 10/14/2024
|
Monster insider trading alert for Broadcom (AVGO) stock
- Broadcom Inc. (NASDAQ: AVGO) is witnessing a surge in insider selling activity, with several top executives offloading significant portions of their holdings.
- 10/13/2024
|
Broadcom, 'Top Pick' AI Play, Leads 5 Stocks Near Buy Points
- Broadcom, a top AI stock, rose for a fifth straight week to clear two buy points.
- 10/12/2024
|
Is Broadcom Stock the Next Nvidia?
- This semiconductor company continues to soar. But how does it compare to the industry leader?
- 10/12/2024
|
Broadcom And AI Investors Can Take A Cue From 'The Dakota'
- The developer of the iconic “Dakota” New York City apartment building (pictured below) moved way ahead of obvious and immediate need
- 10/11/2024
|
Stock Market Falls After Hot Inflation Data; Broadcom, Viking Near Buy Points
- The stock market finished lower Thursday after a hot inflation report. Chip giant Broadcom and cruise line Viking are stocks to watch.
- 10/10/2024
|
Broadcom: Buy This AI Cash Cow
- Broadcom stock has boomed more than 100% over the last 12 months. The increase in AI infrastructure build-outs has benefited the company's operating results. Revenue and earnings growth, strong free cash flow, best-in-class margins, and savvy management indicate further upside.
- 10/10/2024
|
Taiwan Semiconductor Vs. Broadcom: Who Will Be The Next Trillion-Dollar AI Giant?
- Taiwan Semiconductor Manufacturing Co. Ltd. TSM and Broadcom Inc. AVGO are currently competing for a seat at an elite table: The exclusive trillion-dollar club.
- 10/10/2024
|
Broadcom's stock stands alone in the chip sector as it nears new high
- Broadcom's stock is on track to clinch a new closing high on Wednesday, which would put it in rarefied air within the chip sector.
- 10/09/2024
|
Better Artificial Intelligence Stock: Nvidia vs. Broadcom
- Which of these chipmakers is the better play on the booming AI market?
- 10/09/2024
|
Broadcom stock nears key price; could hit $1 trillion valuation soon
- Broadcom (AVGO) stock price is firing on all cylinders as the company matches towards a $1 trillion market cap. It has risen by over 61% this year, pushing its market cap to over $817 billion.
- 10/09/2024
|
S&P Gains 1% As Nvidia, Broadcom Shares Surge: Investor Optimism Improves, Fear Index Remains In 'Greed' Zone
- The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the “Greed” zone on Tuesday.
- 10/09/2024
|
Broadcom: ASP To The Rescue - Maintaining Buy
- We're reiterating our buy on Broadcom for FY25. We expect possible share loss to NVDA in Ethernet switching and industry transition to NVDA's proprietary NVLink will be manageable through higher ASP. VMware should also continue to boost AVGO's infrastructure software sales, contributing to long-term growth and integration success.
- 10/08/2024
|
Broadcom Defies Volatility: Why Wall Street Expects More Gains
- After a volatile summer following a consistently upward first half of the year, Broadcom Inc. AVGO shares are again on the verge of highs. In the past three weeks alone, they've jumped more than 30% and come within $4 of hitting June's record.
- 10/07/2024
|
Despite All The Love And Respect For Broadcom, I Put It On Hold
- I've been Broadcom's shareholder since 2018. Added regularly, doubled down in 2022, and realised my last meaningful purchase in Q4 2023. I'm very impressed with the Company's robust M&A activity that resulted in some of the most effective deals in the technological space. Broadcom's ability to capitalize on the AI revolution is often neglected as the Company doesn't focus on GPUs as, for example, Nvidia does. However, its networking solutions lead the market.
- 10/07/2024
|
Broadcom: The Philosopher's Stone Of AI Innovation
- Broadcom Inc.'s acquisition of VMware enhances its AI software capabilities, crucial for capitalizing on the projected $13 trillion AI software demand by 2030. Broadcom's robust position in high-performance computing hardware and data center components aligns it to benefit from aggressive data center investments by tech giants. Institutional investors are increasingly bullish on AVGO, with significant share accumulation and positive EPS revisions indicating strong future performance.
- 10/06/2024
|
Will Broadcom Be a Trillion-Dollar Stock by 2025?
- Broadcom is approaching the mark few companies have ever achieved.
- 10/06/2024
|
Broadcom, Cava Lead Five Stocks Near Buy Points
- Artificial intelligence chip stalwart Broadcom and fast-casual pacesetter Cava Group lead this watchlist of five stocks near buy points.
- 10/05/2024
|
If You'd Invested $1,000 in Broadcom Stock 5 Years Ago, Here's How Much You Would Have Today
- You would probably be happy with the results.
- 10/05/2024
|
Broadcom Recovers From Steep Drop As Sales Growth Picks Up Steam
- Broadcom stock is climbing back in a base and nearing a buy point. Shares have gained more than 50% so far this year.
- 10/03/2024
|
Wall Street's Newest Artificial Intelligence (AI) Stock Split Has Arrived -- and It's Following in the Footsteps of Nvidia and Broadcom
- One of the most-influential businesses in the artificial intelligence (AI) arena is conducting its first stock split in nearly a quarter of a century.
- 10/03/2024
|
Better AI Chipmaker Stock: Broadcom vs. Qualcomm
- Both semiconductor giants are benefiting from the AI craze.
- 10/02/2024
|
Brokers Suggest Investing in Broadcom Inc. (AVGO): Read This Before Placing a Bet
- When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
- 10/02/2024
|
Broadcom Stock Split Update: Up 3% Since June, History Says the AI Stock Will Do This Next
- Broadcom shares have jumped 3% since the company announced a stock split in June.
- 10/02/2024
|
Why Nvidia, Micron, Broadcom, and Other Artificial Intelligence (AI) and Semiconductor Stocks Slumped on Tuesday
- The semiconductor industry has been on an epic run since early last year. The risk of a short-term disruption just increased exponentially.
- 10/01/2024
|
Investors Heavily Search Broadcom Inc. (AVGO): Here is What You Need to Know
- Broadcom Inc. (AVGO) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 10/01/2024
|
Broadcom Defies Volatility: Why Wall Street Expects More Gains
- After a volatile summer following a consistently upward first half of the year, Broadcom Inc. shares NASDAQ: AVGO are again on the verge of highs. In the past three weeks alone, they've jumped more than 30% and come within $4 of hitting June's record.
- 10/01/2024
|
Dividend Champion And Contender Highlights: Week Of September 13
- A weekly summary of dividend activity for Dividend Champions and Contenders. Companies which changed their dividends.
- 09/12/2020
|
20 More Stocks I Hope To Buy During The Next Market Sell-Off (High Yield Edition)
- In this article, I use yield thresholds, instead of valuation multiples, to arrive at recession wish list buy targets.
- 09/10/2020
|
Know Your 200-Day Moving Average
- I readily admit to not being the world's best at technical analysis for investing. That said, one indicator that has been of great benefit to me over my ~40 years of investing are moving averages - specifically, the 200-day moving average.
- 09/09/2020
|
Synopsys: On The Leading Edge Of Technology (And Valuation)
- Synopsys provides leading edge electronic design automation tools (EDA) and is a market leader. Combined with tailwinds provided by 5G, the Cloud, the IoT, and AI - the company should be able to grow revenue in the high single digits for years to come.
- 09/09/2020
|
The IGV ETF: Software For The 21st Century - Buy The Dip
- The iShares Expanded Tech-Software Sector ETF is a diversified pure-play investment on software technology.
- 09/07/2020
|
August 2020 Dividend Portfolio Update
- Markets were racing to all-time highs in August fueled by technology stocks and the mega caps. I am continuing my monthly investment plans and suspiciously follow the massive rally in technology stocks.
- 09/05/2020
|
Broadcom: Software Bets Pay Off, AI Up Next
- Broadcom's Q3FY20 EPS report Thursday was a beat on the top and bottom lines while delivering a record $3.1 billion of free cash flow.
- 09/04/2020
|
Broadcom Inc. (AVGO) CEO Hock Tan on Q3 2020 Results - Earnings Call Transcript
- Broadcom Inc. (AVGO) CEO Hock Tan on Q3 2020 Results - Earnings Call Transcript
- 09/03/2020
|
Google: FAANNG's Red-Headed Stepchild
- With all the talk surrounding Tesla and Apple, Google (Alphabet) has been left flying under the radar.
- 09/03/2020
|
Texas Instruments: Shareholder Friendly And Dishing Out The Chips
- TI delivered an admirable Q2 EPS report despite significant softness in the important automotive segment.
- 08/28/2020
|
The QQQ: It's All About IT
- Not all tech ETFs/funds are created equal. The QQQ ETF is based on the NASDAQ-100 - the largest 100 domestic and international non-financial companies listed on the Nasdaq Stock Market based on market capitalization.
- 08/27/2020
|
X86 Killer Pt 2: Nvidia Stealthily Leaked The DPU! How The 3 Semiconductor Musketeers Will React
- Start-up company Fungible reports new DPU chips with 10x faster performance than CPUs, at 3x less the cost. NVIDIA also recently announced a DPU product in May.
- 08/24/2020
|
Tracking George Soros's Portfolio - Q2 2020 Update
- Soros' 13F portfolio value increased from $1.98B to $4.48B this quarter. The number of positions increased from 118 to 141.
- 08/21/2020
|
Datadog: What Investors Should Expect After Dash 2020
- Datadog's evolving security capabilities are compelling. Datadog has competitive advantages to win in the SecOps and IT-Ops segments.
- 08/21/2020
|
Tracking David Tepper's Appaloosa Management Portfolio - Q2 2020 Update
- David Tepper’s 13F portfolio value increased from $3.27B to $5.76B this quarter. Appaloosa added AT&T while increasing Alibaba Group Holdings during the quarter.
- 08/20/2020
|
The Retiree's Dividend Portfolio - Jane's July Update: Resilient Dividends
- Jane's retirement accounts generated a total of $2,028.65 of dividend income for July 2020 vs. $1,988.24 of dividend income for July of 2019.
- 08/19/2020
|
3 Cheap Tech Stocks to Buy Right Now
- Technology stocks have a reputation for pricey valuations. Many of the world's highest market caps are attached to tech companies that have built or revolutionized their industries. Thus, when start-up tech companies lead in an emerging industry, investors often bid up their share price, hoping for a big payday.
- 08/18/2020
|
Broadcom Inc. (AVGO) Outpaces Stock Market Gains: What You Should Know
- Broadcom Inc. (AVGO) closed the most recent trading day at $330.32, moving +0.76% from the previous trading session.
- 08/17/2020
|
Got $1,500? Here Are 3 of the Safest Stocks to Buy Now
- The coronavirus disease 2019 (COVID-19) pandemic has led to unprecedented volatility this year, as measured by the CBOE Volatility Index. A big reason Costco is able to separate itself from other retailers is because of its bulk-buying prowess.
- 08/17/2020
|
DGI For The DIY: Q2 2020 Dividend Portfolio Update
- Despite a recession and several dividend cuts, first-half portfolio income rose by nineteen percent over 2019's total.
- 08/17/2020
|
The Zacks Analyst Blog Highlights: Home Depot, AbbVie, Broadcom, 3M and Morgan Stanley
- The Zacks Analyst Blog Highlights: Home Depot, AbbVie, Broadcom, 3M and Morgan Stanley
- 08/14/2020
|
Top Analyst Reports for Home Depot, AbbVie & Broadcom
- Top Analyst Reports for Home Depot, AbbVie & Broadcom
- 08/13/2020
|
Got $3,000 to Invest? These 3 Tech Dividend Stocks Could Make You a Fortune
- When it comes to high-yield dividends, technology often isn't the first place to look. Three tech dividend stocks that Fool.com contributors think are worthy of $1,000 investment each are Skyworks Solutions (NASDAQ: SWKS), Broadcom (NASDAQ: AVGO), and Lam Research (NASDAQ: LRCX).
- 08/13/2020
|
How Broadcom May Have Helped Make Google’s Latest AI Chip
- Broadcom’s application-specific integrated circuit business is currently generating $750 million in full-year revenue, up from $50 million in 2016, according to J.P. Morgan.
- 08/12/2020
|
3 Surging Tech Stocks to Buy Now for Both Growth and Dividends
- Now might be time to be a bit more selective when it comes to buying tech stocks. So today we look at three tech stocks that pay a dividend and are poised to grow during the pandemic and beyond...
- 08/12/2020
|
Broadcom Inc. (AVGO) Dips More Than Broader Markets: What You Should Know
- Broadcom Inc. (AVGO) closed the most recent trading day at $324.03, moving -1.02% from the previous trading session.
- 08/11/2020
|
Broadcom Announces Completion of Exchange Offer for Senior Notes
- Broadcom Inc. (NASDAQ: AVGO) ("Broadcom" or the "Company") announced today that it has completed its offer to exchange any and all of its outstanding unregistered notes listed below that were originally issued in private placements for an equal principal amount of new issues of notes registered under the Securities Act of 1933, as amended.
- 08/10/2020
|
What Does Broadcom's (NASDAQ:AVGO) CEO Pay Reveal?
- Hock Tan has been the CEO of Broadcom Inc. (NASDAQ:AVGO) since 2006, and this article will examine the executive's...
- 08/10/2020
|
Why Broadcom's (NASDAQ:AVGO) CEO Pay Matters
- This article will reflect on the compensation paid to Hock Tan who has served as CEO of Broadcom Inc. (NASDAQ:AVGO...
- 08/10/2020
|
Broadcom Inc. (AVGO) Hits 52-Week High, Can the Run Continue?
- Broadcom Inc. (AVGO) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 08/06/2020
|
Broadcom Inc. (AVGO) Gains But Lags Market: What You Should Know
- Broadcom Inc. (AVGO) closed the most recent trading day at $329.54, moving +0.35% from the previous trading session.
- 08/05/2020
|
AVGO vs. LSCC: Which Stock Should Value Investors Buy Now?
- AVGO vs. LSCC: Which Stock Is the Better Value Option?
- 08/05/2020
|
Broadcom Recommends Stockholders Reject "Mini-Tender" Offer by TRC Capital Investment Corporation
- Broadcom Inc. (NASDAQ: AVGO), has been notified that TRC Capital Investment Corporation ("TRC Capital") has made an unsolicited "mini-tender" offer to purchase up to 500,000 shares of Broadcom's common stock at $292.50 per share. The offer price is approximately 4.35% lower than the $305.79 per share closing price for Broadcom's common stock on the Nasdaq Global Select Stock Market on July 24, 2020, the last trading day before the commencement of TRC Capital's mini-tender offer, and an approximately 8.94% discount to the $321.23 per share closing price of Broadcom's common stock on August 3, 2020, the day of this release. Broadcom is not associated in any way with TRC Capital, its mini-tender offer, or its mini-tender offer documents.
- 08/04/2020
|
Broadcom Inc. to Announce Third Quarter Fiscal Year 2020 Financial Results on Thursday, September 3, 2020
- Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced it will report its third quarter fiscal year 2020 financial results and business outlook on Thursday, September 3, 2020 after the close of the market. Broadcom's management will host a conference call at 2:00 p.m. Pacific Time on the same day to discuss these results and business outlook.
- 08/03/2020
|
10 US Companies With Highest Revenue Exposure To China
- Relations between the United States and China have worsened over the last few years. The trade tariffs, the novel coronavirus, the Hong Kong security law, the closure of consulates, and China’s expansionist mindset have all contributed to the downturn in the US-China relations. The growing anti-US sentiment in the world’s most populous country could hurt American businesses […]
- 08/02/2020
|
3 Dividend-Paying Tech Stocks to Buy Right Now
- Let's see why these three dividend-paying tech stocks could be worth buying today. TSMC, the world's largest contract chipmaker, manufactures chips for companies including AMD, NVIDIA, Qualcomm, and Apple (NASDAQ: AAPL).
- 08/02/2020
|
Nvidia, Inphi, Broadcom Lead 5 Chip Stocks Near Buy Points
- Inphi is in buy range while Semtech, Broadcom, Microchip Technology and Nvidia are near buy points as chip stocks have been market rally leaders.
- 08/01/2020
|
Nvidia Reportedly in Talks to Buy Arm From SoftBank for Over $32B
- There’s growing chatter that the graphics chip giant Nvidia is taking a serious run at buying the U.K.-based semiconductor design company, which SoftBank had acquired in 2016.
- 07/31/2020
|
Broadcom Announces One Week Extension of Exchange Offer for Senior Notes to August 7, 2020
- Broadcom Inc. (NASDAQ: AVGO) ("Broadcom" or the "Company") announced today that its pending offer to exchange any and all of its outstanding unregistered notes listed below that were originally issued in private placements for an equal principal amount of new issues of notes registered under the Securities Act of 1933, as amended, currently scheduled to expire at 11:59 p.m., New York City time, on July 31, 2020, has been extended until 11:59 p.m., New York City time, on August 7, 2020.
- 07/31/2020
|
Apple delivers blowout earnings, strong iPhone revenue despite COVID-19
- Apple Inc on Thursday delivered blowout quarterly results, reporting year-on-year revenue gains across every category and in every geography as consumers working and learning from home during the COVID-19 pandemic turned to its products and services. The results, which included iPhone sales some $4 billion above of analyst expectations, came on the same day that U.S. gross domestic product collapsed at a 32.9% annualized rate last quarter, the nation's worst economic performance since the Great Depression. With 60% of sales coming from international markets, the Cupertino, California-based company posted iPhone revenues of $26.42 billion, $4 billion above analyst expectations of $22.37 billion, according to IBES data from Refinitiv.
- 07/30/2020
|
10 Biggest Semiconductor Companies
- With Intel leading the pack, these are the 10 biggest semiconductor companies as measured by 12-month trailing revenue.
- 07/30/2020
|
The Retiree's Dividend Portfolio - Jane's June Update: Record Dividends During COVID-19
- Jane's retirement accounts generated a total of $2,047.11 of dividend income for June 2020 vs. $1,561.04 of dividend income for June of 2019.
- 07/27/2020
|
Heavy Is the Head That Wears the Semiconductor Crown
- (Bloomberg Opinion) -- Just 10 days ago, I noted that Taiwan Semiconductor Manufacturing Co.’s earnings and outlook served as proof that it’s truly the global king of chips. Since then, the company has grown even stronger, but more good news also increases the burden and will likely draw far more attention than it’s comfortable with.Being bigger and more indispensable sounds like a great position to be in. Yet that could also irk competition regulators, clients and governments that, amid a tech cold war, worry that one company may have become too powerful.The way that TSMC brushed off the pending loss of orders from Huawei Technologies Co. to raise its spending plan for the year is what had recently impressed me. Then last week, Intel Corp. revealed that its next, most-advanced chips would again be delayed, sending the American company’s stock down 16%. As colleague Tae Kim noted, investors have seen this movie before. Intel has slipped up too many times in recent years, allowing rival Advanced Micro Devices Inc. to take market share, and spurring Apple Inc. to drop Intel processors in favor of designing its own.Chief Executive Officer Bob Swan’s statement that manufacturing the chips could be outsourced made it worse. Once the global leader in both design and production, Intel would be eliminating its biggest competitive advantage against AMD — whose chips are made by TSMC — in their tussle over processors used in laptops, PCs and servers. The power shift was confirmed Monday morning. TSMC jumped by its 10% daily limit in Taiwan to a record high after the Taipei-based Commercial Times newspaper reported that Intel has placed an order for its 6 nanometer chips for next year. Not only would this be an unprecedented development for both client and supplier, the reported size of the contract — 180,000 wafers — is almost as large as that for long-time client AMD (200,000 wafers), which raised its own order. As a result, according to the newspaper, the manufacturer’s leading-edge capacity is fully booked for the first half of next year. A report in Taipei’s Economic Daily News meanwhile says that Apple will set up a display R&D plant within TSMC. Recent advances are starting to merge flat-screen display and semiconductor technologies, and the chipmaker finds itself at the center of the action.These new developments are where the responsibilities of TSMC’s crown will begin to weigh. It has a long list of clients whose needs must be met. Beyond Apple and Intel, global leaders including Nvidia Corp., Qualcomm Inc., MediaTek Inc. and Broadcom Inc. all rely on TSMC to churn out chips for the planet’s electronics devices. Great, except that expanding takes years and billions of dollars. Overbuild and you’re left with idle capacity that’s quickly depreciating and burning a hole in your income statement.Another thing to keep in mind is that for all of Intel’s woes, TSMC isn’t perfect, either.In 2012, Qualcomm struggled to supply a new line of chips to its own clients, smartphone brands, because the Taiwanese company was having trouble delivering on time. That spurred a search for alternative suppliers. Two years ago, a malware attack and a separate incident involving poor chemical quality at TSMC both caused delays. By all accounts, clients forgave, but probably won’t forget.Then there are regulators. The company told investors in 2017 that it was under preliminary investigation by the European Commission “concerning alleged anti-competitive practices… in relation to semiconductor sales.” The implication was that TSMC — holding more than 50% of the global contract-manufacturing market — is too big and powerful, with reports at the time suggesting that the U.S. Fair Trade Commission was also taking a look. While it seems both probes are on hold, there’s every chance that either could be dusted off and restarted should concerns increase.The company has only grown bigger since, and become an unwilling player in the U.S.-China tech cold war. It has sought to ease concerns that so much American semiconductor prowess and supply sits offshore by announcing that it will build a factory in Arizona. Former Intel executive Peter Cleveland and U.S. Chamber of Commerce policy director Nicholas Montella have been hired to beef up its U.S. lobbying team. After decades behind the scenes, TSMC is taking an ever-bigger share of the spotlight as one of the most famous and powerful technology companies in the world. So far, it’s managed to outsmart competitors, skirt antitrust regulators, and survive early rounds of the Washington-Beijing chill. This may make it a hero to investors and the ruler of its sector, but also creates a huge target. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 07/27/2020
|
The Retirees' Dividend Portfolio: John And Jane's May Taxable Account Update
- The Taxable account generated $1,407.88 of dividends in June of 2020 compared with $936.06 of dividends in June of 2019.
- 07/20/2020
|
iShares Preferred And Income Securities ETF: Worth Considering At These Levels
- My client John recently sold shares of Kimco Preferred Series L for a modest gain and decided that something more diversified would make more sense.
- 07/20/2020
|
5G and Data Center Demand Has Taiwan Semiconductor Riding High
- While the world at large tries to put itself back together from the fallout caused by COVID-19, the semiconductor industry is doing more than just fine. Several reports from network infrastructure giant Broadcom (NASDAQ: AVGO) and memory chip maker Micron Technology (NASDAQ: MU) provided an early indication that several years' worth of technology development is getting compressed into 2020 due to the pandemic. The world's largest chip manufacturing outfit, Taiwan Semiconductor (NYSE: TSM), is perhaps the best proof yet of this.
- 07/16/2020
|
June Portfolio Dividend Update
- June was a disappointing month in terms of dividend income, as it fell notably short Y/Y due to dividend cuts, suspensions and delays.
- 07/14/2020
|
A Note On Broadcom Inc.'s (NASDAQ:AVGO) ROE and Debt To Equity
- Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
- 07/10/2020
|
Broadcom Is Close to a Major Upside Breakout on the Charts
- Semiconductor firm Broadcom is poised for a major upside breakout. Let's check the charts and indicators to see if we can arrive at a technical strategy. In this daily bar chart of AVGO, below, we can see that prices made a dramatic "V" bottom in March.
- 07/09/2020
|
Synaptics Buying Rights to a Set of Broadcom IoT Technologies
- Broadcom (NASDAQ: AVGO) is about to pocket hundreds of millions of dollars by divesting a set of internet of things (IoT) assets. The buyer, human interface hardware and software maker Synaptics (NASDAQ: SYNA), has signed an agreement to buy "certain assets and manufacturing rights" connected to Broadcom's IoT products. The price is roughly $250 million, Synaptics said in its press release trumpeting the deal.
- 07/08/2020
|
Broadcom Sells Its Wireless Internet Products to Synaptics. Here’s Why Wall Street Approves.
- Semiconductor manufacturer Synaptics is buying the rights to Broadcom’s wireless Internet of Things business for $250 million in cash.
- 07/08/2020
|
Why Synaptics Stock Popped Today
- The computing interface specialist gets an upgrade from Wall Street after announcing an acquisition.
- 07/08/2020
|
Synaptics (SYNA) Scoops Up Broadcom's IoT Unit in $250M Deal
- Synaptics (SYNA) expects to boost presence in the growing IoT market by acquiring Broadcom's IoT business as well as certain rights to its Wi-Fi, Bluetooth and GPS/GNSS products.
- 07/08/2020
|
3 High-Yield Dividend Stocks That'll Double Your Money in a Decade
- With reinvestment, only minimal to modest share price appreciation would be needed to double your money with these brand-name companies.
- 07/08/2020
|
Synaptics Snaps Up AVGO Wireless IoT Rights; Analyst Upgrades Stock
- Synaptics Inc (SYNA) has now signed definitive agreements to acquire certain assets and manufacturing rights for Broadcom’s (AVGO) wireless IoT business for about $250 million in an all-cash transaction. The deal is expected to close in Synaptics’ first quarter of fiscal year 2021.Under the terms of the agreements, Synaptics will acquire certain rights to Broadcom’s existing Wi-Fi, Bluetooth and GPS/GNSS products and business in the IoT market as well as future roadmap devices designed in advanced process nodes.According to Synaptics, the deal strengthens and accelerates its position in the fast-growing consumer IoT market. It expects the transaction to add $65 million in current annualized sales and provide significant revenue growth potential.“Expanding our offering in the high growth IoT market has been one of the major focus areas for Synaptics and the addition of best-in-class wireless connectivity technology to our portfolio significantly enhances our overall position,” said Michael Hurlston, CEO of Synaptics.“This acquisition complements Synaptics’ ability to sell into a broad range of devices such as IP cameras, smart displays, speakers, home automation, and gaming consoles – all of which require cutting-edge technologies including Wi-Fi 6 and 6E, Bluetooth 5.2 and GPS L5.”The transaction is expected to be immediately accretive to Synaptics’ non-GAAP gross margins and non-GAAP earnings post-close, and the company plans to finance the transaction from existing on-hand cash balance.Following the news, Rosenblatt Securities analyst Kevin Cassidy upgraded Synaptics from hold to buy with a price target of $73 (22% upside potential).He called Broadcom’s wireless connectivity products ‘best-in-class’ and told investors: “We are upgrading SYNA to Buy from Neutral based on our estimated $0.45 – $0.55 accretion to our FY21 non-GAAP EPS estimates that the Broadcom wireless IoT connectivity business can provide. We believe that with Synaptics management’s focus on IoT, the acquired $65mn/year revenue can grow roughly 5% – 10% annually.”Plus Cassidy believes that the deal helps lower the company’s dependence on the mobile display business, which faces low competitive barriers.Shares in SYNA rose 2% in Tuesday’s trading, taking the stock’s year-to-date loss to 9%. Overall analysts have a cautiously optimistic Moderate Buy consensus on Synaptics with a $80 price target (32% upside potential).(See Synaptics stock analysis on TipRanks).Related News: Facebook Quietly Testing Instagram Reels In India- Report DocuSign Buys Liveoak For $38M To Boost New Notary Offering Google, Deutsche Bank Forge 10-Year Cloud Partnership More recent articles from Smarter Analyst: * DocuSign Buys Liveoak For $38M To Boost New Notary Offering * Uber Launching Grocery Delivery Service In Latin America, Canada, And US * Google, Deutsche Bank Forge 10-Year Cloud Partnership * Facebook: COVID-19 and Ad Boycott Result in Top Analyst Slashing Estimates
- 07/08/2020
|
Three iPhone Suppliers That Will Benefit From the New Design
- The launch will be delayed by a month, but Skyworks, Broadcom and Qualcomm are all likely to see increased sales once it happens.
- 07/07/2020
|
'Fast Money' Traders Share Their Thoughts On Nvidia, Broadcom And Teladoc
- On CNBC's "Fast Money Halftime Report," Stephanie Link spoke about NVIDIA Corporation (NASDAQ: NVDA) after the stock reached its all-time high on an upgrade from Bank Of America.She owns the stock and she is going to hold it, but she would not buy it at these levels because it's up 69% year to date and it's trading at 50 times earnings. She would rather buy Broadcom Inc (NASDAQ: AVGO). It has a good market exposure in 5G and cloud and it also has a 4% dividend yield. She finds it cheaper than Nvidia.Josh Brown is not a buyer of Teladoc Health Inc (NYSE: TDOC). The stock was initiated at Overweight at Stephens and it reached its all-time high on Tuesday. Brown owned the stock through the pandemic for around 100 points, but he decided to take profits because he is concerned about potential competition.See more from Benzinga * Cramer Weighs In On Ciena, Harley-Davidson And More * 'Fast Money' Picks For May 11: EA, Nike, Nvidia(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/07/2020
|
Synaptics snaps up assets of Broadcom's wireless IoT connectivity business for $250 million
- Synaptics Inc. on Tuesday said it has agreed to pay $250 million for the wireless IoT business of Broadcom Inc. . Under terms of the all-cash transaction, Synaptics will pick up certain rights to Broadcom's Wi-Fi, Bluetooth, and GPS/GNSS products and business in the IoT market. Synaptics expects the transaction to add about $65 million in annual sales. Shares of Synaptics are up 2% in after-hours trading. Broadcom's stock is flat.
- 07/07/2020
|
Were Hedge Funds Right About Broadcom Inc (AVGO)?
- The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]
- 07/07/2020
|
There's a lot more near term risk than long term risk: Portfolio Manager
- JoAnne Feeney, Partner and Portfolio Manager at Advisors Capital Management, joins The Final Round to discuss her top picks in the tech sector and areas to look for opportunity.
- 07/06/2020
|
Broadcom Announces Exchange Offer for Senior Notes
- Broadcom Inc. (NASDAQ: AVGO) ("Broadcom" or the "Company") announced today that it has commenced an exchange offer for any and all outstanding unregistered notes listed below.
- 07/06/2020
|
U.S.-China Feud Gets Nasty With Red Tape as Stealth Weapon
- (Bloomberg) -- The U.S. and China are moving beyond bellicose trade threats to exchanging regulatory punches that threaten a wide range of industries including technology, energy and air travel.The two countries have blacklisted each other’s companies, barred flights and expelled journalists. The unfolding skirmish is starting to make companies nervous the trading landscape could shift out from under them.“There are many industries where U.S. companies have made long-term bets on China’s future because the market is so promising and so big,” said Myron Brilliant, the U.S. Chamber of Commerce’s head of international affairs. Now, they’re “recognizing the risk.”China will look to avoid measures that could backfire, said Shi Yinhong, an adviser to the nation’s cabinet and a professor of international relations at Renmin University in Beijing. Any sanctions on U.S. companies would be a “last resort” because China “is in desperate need of foreign investment from rich countries for both economic and political reasons.”Nevertheless, pressure is only expected to intensify ahead of the U.S. elections in November, as President Donald Trump and presumptive Democratic nominee Joe Biden joust over who will take a tougher line on China.Trump has blamed China for covering up the coronavirus pandemic he has mocked as “Kung Flu,” accused Beijing of “illicit espionage to steal our industrial secrets” and threatened the U.S. could pursue a “complete decoupling” from the country. Biden, likewise, has described President Xi Jinping as a thug, labeled mass detention of Uighur Muslims as unconscionable and accused China of predatory trade practices.And on Capitol Hill, Republicans and Democrats have found rare unity in their opposition to China, with lawmakers eager to take action against Beijing for its handling of Covid-19, forced technology transfers, human rights abuses and its tightening grip on Hong Kong.“China is going to be a punching bag in the campaign,” said Capital Alpha Partners’ Byron Callan. “But China is a punching bag that can punch back.”China has repeatedly rejected U.S. accusations over its handling of the pandemic, Uighurs, Hong Kong and trade, and it has fired back at the Trump administration for undermining global cooperation and seeking to start a “new cold war.” Foreign Minister Wang Yi last month said China had no interest in replacing the U.S. as a hegemonic power, while adding that the U.S. should give up its “wishful thinking” of changing the country.Both sides have already taken a series of regulatory moves aimed at protecting market share.The U.S. is citing security concerns in blocking China Mobile Ltd., the world’s largest mobile operator, from entering the U.S. market. It’s culling Chinese-made drones from government fleets and discouraging the deployment of Chinese transformers on the power grid. The Trump administration has also tried to constrain the global reach of China’s Huawei Technologies Co., the world’s largest telecommunications equipment manufacturer.Meanwhile, China prevented U.S. airline flights into the country for more than two months and, after the U.S. imposed visa restrictions on Chinese journalists, it expelled American journalists. It has stepped up its scrutiny of U.S. companies, with China’s state news agency casting one probe as a warning to the White House. China also has long made it difficult for U.S. telecommunications companies to enter its market, requiring overseas operators to co-invest with local firms and requiring authorization by the central government.One of the most combustible flash points has been the Trump administration’s campaign to contain Huawei by seeking to limit the company’s business in the U.S. and push allies to shun its gear in their networks.The U.S. Federal Communications Commission moved to block devices made by Huawei and ZTE Corp. from being used in U.S. networks. And the Commerce Department has placed Huawei on blacklists aimed at preventing the Chinese company from using U.S. technology for the chips that power its network gear, including tech from suppliers Qualcomm Inc. and Broadcom Inc.After suppliers found work-arounds, Commerce in May tightened rules to bar any chipmaker using American equipment from selling to Huawei without U.S. approval. The step could constrain virtually the entire contract chipmaking industry, which uses equipment from U.S. vendors such as Applied Materials Inc., Lam Research Corp. and KLA Corp. in wafer fabrication plants.The curbs also threaten to cripple Huawei. Although the company can buy off-the-shelf or commodity mobile chips from a third party such as Samsung Electronics Co. or MediaTek Inc., going that route would force it to make costly compromises on performance in basic products.Huawei was on a list the Pentagon unveiled last week of companies it says are owned or controlled by China’s military, opening them to increased scrutiny. The Ministry of Foreign Affairs in Beijing accused the Trump administration of “violating the very market economy principle the U.S. champions.”“We are strongly opposed to this,” the foreign ministry said Sunday of the Pentagon’s designation. “China urges the U.S. to stop suppressing Chinese companies without reason and provide a fair, just and non-discriminatory environment for Chinese companies to operate normally in the U.S.”After the new restrictions, the editor of the Communist Party’s Global Times newspaper tweeted that China would retaliate using an “unreliable entities list” that it first threatened at the height of the trade war last year. Although China didn’t identify companies on the list, the Global Times has cited a source close to the Chinese government as saying U.S. bellwethers such as Apple Inc. and Qualcomm could be targeted.The fallout could extend to companies heavily reliant on Chinese supply chains, as well consumer-facing brands eager to expand sales in Asia. Boeing Co., which recorded $5.7 billion of revenue from China in 2019, and Tesla Inc., the biggest U.S. carmaker operating independently in China, are among companies most exposed if relations sour further.“We’re playing in a much wider field now,” said Jim Lucier, managing director of research firm Capital Alpha Partners. “We’re not simply talking about ‘you tariff me’ and ‘I tariff you.’ The playing field is virtually unlimited.”Planes and AutomobilesU.S. automakers have also been singed. In June, China fined Ford Motor Co.’s main joint venture in the country for antitrust violations, saying Changan Ford Automobile Co. had restricted retailers’ sale prices since 2013.Aviation has been another source of tension, as both countries squabble over access to their skies. China’s decision to limit U.S. airlines operations to those services scheduled as of March 12 hurt carriers such as United Airlines Holdings Inc., Delta Air Lines Inc, and American Airlines Group Inc. that had suspended passenger flights to and from China because of the coronavirus pandemic.The U.S. responded earlier this month by initially threatening to ban all flights from China, then relenting to allow two flights weekly once Chinese officials eased their restrictions. Now, in what appears to be a staged de-escalation, China gave U.S. passenger carriers permission to operate four weekly flights to the country and earlier this month, the Trump administration matched the move by also authorizing four flights from Chinese airlines.It’s happening outside of aviation too. Consider the U.S. government’s decision to seize a half-ton, Chinese-made electrical transformer when it arrived at an American port last year and divert the gear to a national lab instead of the Colorado substation where it was supposed to be deployed. That move -- and a May executive order from Trump authorizing the blockade of electric grid gear supplied by “foreign adversaries” of the U.S. in the name of national security -- have already sent shock waves through the power sector.The effect has been to dissuade American utilities from buying Chinese equipment to replace aging components in the nation’s electrical grid, said Jim Cai, the U.S. representative for Jiangsu Huapeng Transformer Co., the company whose delivery was seized. Although Cai said the firm has supplied parts to private utilities and government-run grid operators in the U.S. for nearly 15 years without security complaints, at least one American utility has since canceled a transformer award to the company, Cai said.Trump’s directive is tied to a broader effort to bring more manufacturing to the U.S. from China. “This is a part of the administration’s efforts to impair China’s supply chains into the United States,” said former White House adviser Mike McKenna.Escalating tensions could jeopardize the U.S. economic recovery as well as China’s trade commitment to buy $200 billion in American goods and services over the next two years. The country’s purchase of U.S. goods increased last month as the economy continued its recovery from the coronavirus shutdowns, but imports are still far behind the pace needed to meet the terms of the phase one trade deal, according to Bloomberg calculations based on data from China’s Customs Administration.U.S.-China struggles also may factor into the November presidential election. Former U.S. national security adviser John Bolton alleges in a new book that Trump asked Xi to help him win re-election by buying more farm products -- a claim the White House has dismissed as untrue.“I don’t expect one single blow to send this relationship in a tailspin,” the chamber’s Brilliant said. “Each side will calibrate their reactions in a way that will not tip the scales too far.”Take the recent spat over media access. After the U.S.
- 06/29/2020
|
10 Semi-Controversial Traits Of Some Of The Best Stocks
- About 25% of stocks are responsible for all of the market gains. If you want to generate alpha, you have to look for them, buy them and hold them for as long as
- 06/28/2020
|
Dividend Champion And Contender Highlights: Week Of June 28
- A weekly summary of dividend activity for Dividend Champions and Contenders. Companies which changed their dividends. Companies with upcoming ex-dividend dates.
- 06/27/2020
|
Don't Buy Falling Financials, Buy These Stocks Instead
- Stress test results put the brakes on banking stocks. Healthcare and technology are better sectors for alpha-generating ideas. Top stocks to add to watch lists
- 06/26/2020
|
The Top 10 Semiconductor Companies
- Corporations and consumers globally use semiconductors—small conductors of electricity also known as semis or chips—in a millions of devices, including space vehicles, car computers, smartphones, medical equipment, appliances, and more.
- 06/24/2020
|
The Coming 5G Boom Is Not Fully Priced in These 3 Stocks
- The late, great, Neil Peart wrote, in Tom Sawyer, “He knows changes aren’t permanent, but change is.” His words are an apt description of our modern world, an ever-changing landscape of pending tech. Right now, the shiny new change is 5G.Even the coronavirus couldn’t fully derail the coming build-out of the new 5G networks. It only delayed it. China and Korea are leading the world right now in bringing 5G networks online, with the US expanding its own new systems and Europe lagging behind. In the US, most urban areas have at least partial 5G connectivity online, and the major service providers are working to connect those centers.For investors, the key here will be finding companies that are primed to gain as 5G expands. It’s tempting to invest directly in the service providers; AT&T;, Verizon, and T-Mobile/Sprint, the three largest wireless providers, are all heavily invested in 5G networks. But they face certain headwinds that make them less than ideal as 5G investments – for the present. They are absorbing the costs of the new networks, but without bringing in the new service fees to cover those costs. From a consumer perspective, the new service is more expensive, but hasn’t surpassed existing 4G in convenience – yet.This leaves investors seeking the right place to put their money, to benefit from 5G rollouts. Two segments come to mind, both deeply involved in different ways. The first is semiconductor chips; the second, surprisingly, are real estate investment trusts. These companies, inhabiting such different niches, find themselves well-positioned to profit – for different reasons – as 5G networks expand. Those different reasons are interesting to explore, as we open the TipRanks database to see what makes semiconductors and REITs compelling investments for 5G. Let's take a closer look. Broadcom, Inc. (AVGO)First up is a long-running major market player, a large-cap stock and a perennial champion for dividend investors. Broadcom is also one of the world’s largest semiconductor chip makers, ranked the sixth biggest by annual revenue in 2019, and reporting $5.25 billion in earnings in the first quarter of 2020.Broadcom has been making waves in 5G throughout 1H20. In February, the company announced completion of a 5G switching portfolio, designed for high-capacity switches and offering the feature set needed to meet new 5G tech standards. In March, Broadcom was noted by Forbes as one of the leaders in 5G wireless infrastructure; the company is deeply invested in providing chips that power the new devices. And earlier this month, handset maker Nokia, which has been having trouble in recent months sourcing 5G chips in sufficient quantity to meet demand, signed Broadcom on a supplier of 5G chips for Nokia’s ReefShark line.With all of this good news for the company, it’s no wonder that AVGO shares have climbed 85% since hitting bottom on March 18, dramatically outperforming the broader markets. Q2 saw revenue grow to $5.74 billion, up 9% sequentially. And, despite the ongoing pandemic, the company has maintained its generous dividend, declaring $3.25 per share on June 4. The current dividend annualizes to $13 and gives an impressive yield of 4.3%.Writing on AVGO for Deutsche Bank is 5-star analyst Ross Seymore, rated 26 overall in the TipRanks analyst database. Seymore notes the Nokia arrangement, and points out that it plays to Broadcom’s strengths in addressing the 5G needs of OEM customers: “We view [the Nokia] announcement as evidence that the co's investments and engagement with infrastructure OEMs on solutions within the base station which AVGO referenced in December, are bearing fruit. Broadcom's strength in custom ASICs and in routing and switching have enabled the co to leverage its Ethernet technology in bringing the network to the Edge (base stations).”To this end, Seymore rates AVGO a Buy alongside a $360 price target, indicating a potential 16% upside for the stock this year. (To watch Seymore’s track record, click here)All in all, Broadcom has a Strong Buy from the analyst consensus, with 24 reviews breaking down to 21 Buys and only 3 Holds. Shares are priced at $311.30, and the average price target of $350.18 suggests an upside potential of 13%. (See AVGO stock analysis on TipRanks)SBA Communications (SBAC)The next stock on our list operates as a REIT, focused on cellular infrastructure sites. Specifically, SBA Communications owns small cells, distributed antenna systems, and traditional cell sites throughout the Americas and South Africa. SBA both leases and develops the properties in its portfolio – a business that perfectly positions the company to profit as telecom carriers and providers increase and densify their networks to accommodate 5G technology. This process naturally requires new cell towers, antenna placements, and small cells – and that is SBA’s core business.Standing as it does at the center of the 5G expansion, SBA is already showing gains. The company’s stock is up 4.6% since February, having fully recovered from the market collapse in February/March and survived several weeks of price volatility that followed. It’s not just share price that has gained despite coronavirus-inspired recessionary pressures. SBA has reported modest sequential gains in quarterly earnings since the beginning of 2019, a trend that continued in Q1 2020. Credit Suisse analyst Sami Badri is confident in this company’s business model and solid balance sheet. He writes, “We believe the evidence points to an initial majority mid-band spectrum buildout. Mid-band spectrum will mainly be utilized on macro towers, given its solid propagation characteristics, therefore the initial 5G wave should favor macro tower focused SBAC… With SBAC capable of raising debt at such modest rates (3.875% May 19th) while maintaining its broader tower asset ROIC of 10%, we are comfortable and constructive with its current leverage profile.”Badri rates SBAC an Outperform (i.e. Buy), and his $361 price target indicates his belief in a 23% upside potential for the stock. (To watch Badri’s track record, click here)Overall, the analyst consensus rating on SBAC, a Strong Buy is based on a 9-to-1 split between Buy and Hold reviews. The average price target, $328, implies an upside of 12% from the current trading price of $293.78. (See SBAC stock analysis on TipRanks)American Tower (AMT)Last up is American Tower, the Boston-based REIT with a global portfolio containing more than 180,000 cellular broadcast tower and wireless communication sites. The core of the portfolio is in the US, but the company has been expanding internationally, both to supplement the core holdings and to take advantage of the global nature of wireless com systems. AMT currently holds more than 40,000 US cellular sites, along with 75,000 Asia and 37,000 in Latin America.As wireless providers expand their networks to introduce 5G connections, AMT is a logical beneficiary. Due to the shorter range of 5G systems, a denser tower network will be required; AMT, which owns and leases such sites, is ramping up acquisitions to take advantage. AMT derives most of its customer base – on the order of 88% – AT&T;, Verizon, and Sprint/T-Mobile. These companies are not going anywhere, and lend a sense of permanence to AMT’s holdings.In addition, due to the long-term nature of cellular leases, AMT features a high proportion of recurring revenue in its portfolio – a feature that has insulated the company from the impact of COVID-19. AMT reported sequential gains in earnings for Q1, the coronavirus quarter, and share prices have shown a net gain during the last few months of market volatility.Analyst Sami Badri covers AMT shares as well, and he writes of the stock: “We expect Massive MIMO antennas to place more weight on towers, while taking up the same amount of physical vertical space or more on the structure. This will result in more revenue from tower leasing activity for AMT, which we expect to appear primarily as amendment revenues.”Badri is bullish on AMT, giving the stock a Buy rating with a $300 price target. His target implies an upside of 13% in the coming 12 months. Once again, we’re looking at a stock with a Strong Buy analyst consensus rating. AMT’s rating is based on 14 reviews, including 12 Buys and just 2 Holds. Shares are selling for $265.60, and the $269.42 suggests a modest upside this year. (See AMT stock-price forecast on TipRanks)To find good ideas for 5G stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
- 06/23/2020
|
I Wish I'd Bought (More Of) These Communications/IT Companies
- With the market rising back, and with volatility coming with some frequency during the past week, this is an excellent time to look at things we should have don
- 06/23/2020
|
Why Broadcom's Stock Is Trading Higher Today
- Broadcom (NASDAQ: AVGO) shares are trading higher on Monday after Mizuho maintained a Buy rating on the stock and raised its price target from $325 to $350.Broadcom--the combined entity of Broadcom and Avago--has a diverse product portfolio across an array of end markets. Avago focused primarily on radio frequency filters and amplifiers used in high-end smartphones, such as the Apple iPhone and Samsung Galaxy devices, in addition to an assortment of solutions for wired infrastructure, enterprise storage, and industrial end markets.Legacy Broadcom targeted networking semiconductors, such as switch and physical layer chips, broadband products (such as television set-top box processors), and connectivity chips that handle standards such as Wi-Fi and Bluetooth. The company has acquired Brocade, CA Technologies, and Symantec's enterprise security business to bolster its offerings in infrastructure software and security.Broadcom shares traded up 3.20% at $312.45 on Monday. The stock has a 52-week high of $331.58 and a 52-week low of $155.67.Related links:Broadcom Reports Q1 Earnings MissReport: Broadcom Secures Financing For Symantec AcquisitionLatest Ratings for AVGO DateFirmActionFromTo Jun 2020MizuhoMaintainsBuy Jun 2020Credit SuisseReinstatesOutperform Jun 2020Piper SandlerMaintainsOverweight View More Analyst Ratings for AVGO View the Latest Analyst Ratings See more from Benzinga * Why Zscaler's Stock Is Trading Higher Today * Why Campbell Soup's Stock Is Trading Higher Today * Why Heat Biologics Stock Is Trading Higher Today(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 06/22/2020
|
The Retiree's Dividend Portfolio - Jane's May Update: Following The Gameplan
- Jane's retirement accounts generated a total of $1,217.93 of dividend income for May 2020 vs. $1,149.58 of dividend income for May of 2019. Jane's Traditional I
- 06/21/2020
|
The Best Stocks To Buy On Down Days
- Risk/reward shifts back to neutral, suggesting volatility will continue through the end of the quarter. Healthcare and technology are top sectors to buy on sale
- 06/21/2020
|
Nokia Augments Supply Chain With Broadcom as 5G Chip Vendor
- The addition of more suppliers is likely to lead to a steady flow of raw materials for Nokia (NOK) and diversify its supply chain for custom-made chips for 5G equipment.
- 06/17/2020
|
Broadcom Beats on Earnings, but Stock is Overbought
- Broadcom beat earnings estimates for the 31st consecutive quarter, but the positive reaction to this report was short lived.
- 06/17/2020
|
Nokia adds Broadcom as third 5G chip vendor to diversify supply
- Field Programmable Gate Arrays (FPGAs) -- for its 5G equipment that customers could reprogramme but high costs and supply hurdles last year forced it to change course. "We still stand by the decision of going with FPGAs because it was the right thing to do at that time," Sandro Tavares, Nokia's head of mobile networks marketing, told Reuters. Nokia, which competes with Sweden's Ericsson and China's Huawei [HWT.UL], had said its 5G products could not reach the market in time due to delays by one supplier, identified by analysts as Intel.
- 06/15/2020
|
[video]What Chip Suppliers Have Recently Shared About End-Market Demand
- Chip companies are still signaling that notebook and cloud server demand remain strong, but often have more cautious remarks to share about auto and industrial demand.
- 06/10/2020
|
Broadcom Is a Winner for the Stay-at-Home Era and Beyond, Analyst Says
- Argus analyst Jim Kelleher reiterated a Buy rating on the stock while adding $100 to his price target, taking it to $350.
- 06/09/2020
|
Zoom Video, Hewlett Packard Enterprise, Apple and Broadcom highlighted as Zacks Bull and Bear of the Day
- Zoom Video, Hewlett Packard Enterprise, Apple and Broadcom highlighted as Zacks Bull and Bear of the Day
- 06/09/2020
|
3 Stocks to Help You Build Retirement Wealth
- Johnson & Johnson and two other resilient blue-chip stocks will shield your portfolio from the incoming headwinds.
- 06/09/2020
|
Broadcom Just Handed the Cloud and Internet Infrastructure Industry Some Good News
- Networking hardware and software management giant Broadcom (NASDAQ: AVGO) reported Thursday on its fiscal 2020 second quarter, which included the worst of the global coronavirus crisis. Not entirely unexpected was the news that demand from networking customers -- including cloud computing and network storage -- rose when the world was shoved further down the digital road because of work-from-home and shelter-in-place. What was unexpected was Broadcom's top brass reporting that demand for some products has grown so great that it's having difficulty keeping up, offset by a sharp drop in smartphone demand and a right-sizing of the company's network software portfolio (which was patched together via its acquisitions of Brocade, CA Technologies, and most recently Symantec).
- 06/09/2020
|
3 Stocks Every Retiree Should Own but Probably Doesn't
- These under-the-radar companies offer the perfect blend of growth and income that seniors are looking for in an investment.
- 06/09/2020
|
Company News for June 8, 2020
- Companies In The News Are: AVGO, RH, SAIC, NVAX.
- 06/08/2020
|
Apple iPhone Delay Mars Broadcom View, Puts Suppliers at Risk
- Apple (AAPL) is possibly delaying the launch of iPhone 12, as indicated by Broadcom's Q3 revenue outlook. This is likely to create pressure on its other suppliers as well at least in the near term.
- 06/08/2020
|
RPT-BUZZ-U.S. stocks weekly: Flying
|
Broadcom Stock Shakes Off Apple iPhone Delay To Complete Round Trip
- Semiconductor and enterprise software maker Broadcom saw its shares spike on Friday after delivering a reassuring earnings report, though its sales guidance for the current quarter was soft.
- 06/05/2020
|
Dow Jones Soars 1,000 Points On 'Amazing' Jobs Report; Apple Hits All-Time High, While Boeing Surges 17%
- The major stock indexes were sharply higher early Friday after a strong jobs report. Slack plunged 19% on earnings.
- 06/05/2020
|
Here's Our Latest Technical Strategy as Broadcom Has Broken Out on the Upside
- Broadcom was upgraded to a buy recommendation by TheStreet.com's quantitative service. In this daily bar chart of AVGO, below, we can see that prices and our favorite indicators are all pointed higher. The On-Balance-Volume (OBV) line shows a moderate decline from February into March and then a subsequent rally to a new high.
- 06/05/2020
|
Where Broadcom Can Go If Shares Break Out to New Highs
- Broadcom is jumping on earnings even though profit was in-line with expectations. Here's how to trade the stock now as it nears new highs.
- 06/05/2020
|
Broadcom Hints at iPhone Delay
- Broadcom indicated that the normal revenue uptick from orders from Apple for its next-generation iPhone is being pushed out into the fourth quarter.
- 06/05/2020
|
Broadcom's Revenue Beat: What Wall Street's Saying
- Shares of Broadcom were rising Friday following its revenue beat on Thursday evening, and analysts on Wall Street wrote mostly bullish notes on the company's prospects. Broadcom shares rose 3.4% to $319.43 premarket Friday. First, the data center and storage markets will likely continue to see their current strength.
- 06/05/2020
|
Broadcom (AVGO) Q2 Earnings & Revenues Surpass Estimates
- Broadcom's (AVGO) fiscal second-quarter 2020 results reflect strength in infrastructure software segment.
- 06/05/2020
|
Jobs Report, Elon Musk, Unemployment - 5 Things You Must Know Friday
- Stock futures rise as markets await the U.S. jobs report for May; the unemployment rate is forecast to rise to nearly 20%; Tesla's Elon Musk says it's time to break up Amazon.
- 06/05/2020
|
Dow Jones Futures Lead Coronavirus Market Rally With Jobs Report In Focus; Tesla Back In 'Friend Zone,' Slack, RH Lead Earnings Movers
- Dow Jones futures: Coronavirus stock market rally sector rotation continued, with airlines soaring and growth names falling. Tesla is in the friend zone. Slack and RH led earnings movers.
- 06/05/2020
|
Broadcom Reports Solid Results, Dividend As Analysts Boost PTs
- Broadcom (AVGO) has reported an in-line April quarter, and guided to an in-line July quarter at $5.75B (consensus $5.8B). Shares in AVGO gained 1% in Thursday’s after-hours trading following the earnings release.Specifically, Q2 Non-GAAP EPS of $5.14 was in-line with consensus expectations, while GAAP EPS of $1.17 beat by $0.21. Revenue of $5.74B climbed 4% from the previous year, and topped Street estimates by $50M. Meanwhile Q2 adjusted EBITDA was $3.2B, again, coming in slightly higher than the $3.11B consensus.Semiconductor Solutions reported revenue of $4,027M (-1% y/y) but Infrastructure software revenue came in strong at $1,715M (+21% y/y).“Second quarter results were in-line with our expectations, and saw limited impact from the effects of COVID-19,” commented Hock Tan, CEO of Broadcom Inc. “Looking ahead, our third quarter guidance for semiconductors reflects a surge in demand from cloud, telecom and enterprise customers, offset by supply chain constraints and an expected substantial reset in wireless.”At the same time the company declared a $3.25/share quarterly dividend, in line with previous payouts, for a forward yield of 4.2%.“We generated record quarterly free cash flow of over $3 billion and reinforced our balance sheet, ending the quarter with over $9 billion of cash,” explained Tom Krause, CFO of Broadcom Inc. As a result, AVGO “remain[s] committed to maintaining our dividend while we navigate these unprecedented times.”Following the report Mizuho Securities analyst Vijay Rakesh reiterated his AVGO buy rating while ramping up his price target from $315 to $325 (5% upside potential).“We continue to see AVGO as well positioned, driven by 5G networking and wireless, software M&A;, strong FCF, and dividends, with near-term COVID-19 headwinds subsiding” Rakesh told investors, adding that the company is currently trading at an attractive ~13.1x F21E (Oct) P/E.Likewise RBC Capital’s Mitch Steves boosted his price target from $300 to $340 noting that AVGO is seeing much more demand than it can currently supply for Q3. “AVGO is seeing strong uplift in demand from the ramp of next-generation deep learning inference chips” the analyst wrote, while demand from enterprise customers for data protection controllers has recovered and is showing strength.Overall, AVGO scores a bullish Strong Buy Street consensus, with 19 buy ratings offset by 2 hold ratings. However, the average analyst price target stands at $303, indicating downside potential of 2%. Shares in AVGO are trading down 2% year-to-date. (See AVGO stock analysis on TipRanks).Related News: Slack Plunges 15% Post-Print Despite Multi-Year Amazon Deal Ebay Lifts Quarterly Sales and Profit Forecast; Shares Jump To All-Time High Microsoft Buys Metaswitch For Cloud-Based Telecoms Move, 5G Expansion More recent articles from Smarter Analyst: * Boeing (BA) Stock Probably Rallied Too Far, Too Fast * Latam Airlines' Shares Could Be Heading Further South; Top Analyst Says 'Sell' * Starbucks’ (SBUX) Road to Recovery Will Take Longer Than Anticipated, Says Analyst * TripAdvisor: Post Pandemic, Many Challenges Await
- 06/05/2020
|
Broadcom Inc. (AVGO) Q2 2020 Earnings Call Transcript
- At this time for opening remarks and introductions, I would like to turn the call over to Beatrice Russotto, Director of Investor Relations of Broadcom, Inc. Please go ahead ma'am. Joining me on today's call are Hock Tan, President and CEO and Tom Krause, Chief Financial Officer of Broadcom.
- 06/05/2020
|
Broadcom Suggests New iPhone Launch Will Be Delayed
- (Bloomberg) -- Broadcom Inc., a major Apple Inc. supplier, suggested the latest iPhones will be launched later than usual this year.Hock Tan, chief executive officer of Broadcom, discussed a “major product cycle delay” at a “large North American mobile phone” customer, during an earnings conference call with analysts on Thursday.Tan often refers to Apple this way. This time, the executive said the delay will mean the bump in wireless revenue experienced by Broadcom will happen one quarter later than usual this year.“We are in,” Hock said, referring Broadcom components in the iPhone. “The question is timing.”“This year, we do not expect to see this uptick in revenue until our fourth fiscal quarter,” the CEO added. “So accordingly, we expect, our wireless revenue in Q3 will be down sequentially.”Apple is planning to release its next iPhone line multiple weeks later than usual, Bloomberg News previously reported. The company typically unveils its new iPhones in the second half of September, but has occasionally, like in the case of the iPhone X in 2017, launched major new models later in the year.Phone makers usually order components months ahead of product launches. Apple typically releases new versions of the iPhone in September. If it followed that time line, Broadcom would receive orders in the current quarter, which runs through July. The chipmaker said that’s not happening this year. “Because of product cycle delays the trough for our fiscal year will be Q3. This coming quarter,” Tan said. “Nothing has changed in terms of designs, nothing has changed in terms of the content,” including more 5G components, the CEO added. The delay to the new iPhone release is due to the Covid-19 pandemic, which has slowed Apple engineer travel to China to finalize the devices and required employees to mostly work from home in the early months of 2020.Broadcom’s Tan also warned about “supply constraints and an expected substantial reset in wireless” when the company’s results came out on Thursday. With much of the world’s population confined to their homes, handset demand has dropped.(Updates with CEO comment in eighth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 06/05/2020
|
The Retiree's Dividend Portfolio - Jane's March Update: Don't Forget The Preferreds
- Jane's retirement accounts generated a total of $1,725.71 of dividend income for March 2020 vs. $1,496.76 of dividend income for March of 2019. A total of seven
- 04/22/2020
|
Technology And Communication Dashboard - Update
- Valuation metrics in information technology and communication services. Evolution since last month. A list of stocks looking cheap in their industries.
- 04/21/2020
|
March 2020 Dividend Portfolio Update: A Month To Remember
- March 2020 is surely a month to remember, not just for a week, a month or a year but forever. Cash has proven to be king and I have mostly run out of it just wh
- 04/07/2020
|
This Time Is Different, And It's Beyond My Grasp How Come Not Everybody Thinks So
- This is the first part out of a series that is going to span over five articles. Offense (Stock Picking) Wins Games But Defense (Risk Management) Wins Champions
- 04/06/2020
|
America Is Rising To The Challenge
- Our economy is dependent, or let's say interdependent, on all sectors. This is not unprecedented, according to scientific papers. Examining the different recove
- 03/31/2020
|
Dividend Champion And Contender Highlights: Week Of March 29
- A weekly summary of dividend activity for Dividend Champions and Contenders. Companies which declared increased dividends. Companies with upcoming ex-dividend d
- 03/28/2020
|
The Retiree's Dividend Portfolio - Jane's February Update: Companies Pull Guidance
- Jane's retirement accounts generated a total of $1,197.07 in dividend income for February 2020 vs. $1,028.71 of dividends in February of 2019. A total of three
- 03/26/2020
|
China: The Global 'Safer Haven'
- China is the global equity safer-haven, first in and first out of the COVID crisis, with a restarting economy, further macro-policy flexibility, discounted equi
- 03/24/2020
|
Invesco Dynamic Semiconductor ETF: Although Long-Term Growth Outlook Is Positive, Near-Term Uncertainty Is High
- PSI’s portfolio of stocks consists of 32 semiconductor stocks in the U.S. The global semiconductor industry is expected to grow rapidly in the next decade thank
- 03/19/2020
|
I've Made 16 Purchases And 1 Sale During The March Volatility Thus Far
- I've been busy buying high-quality companies during this sell-off. I've made 27 trades thus far since the sell-off began (25 purchases and 2 sales). My portfoli
- 03/17/2020
|
Dividend Champion And Contender Highlights: Week Of March 15
- A weekly summary of dividend activity for Dividend Champions and Contenders. Companies which declared increased dividends. Companies with upcoming ex-dividend d
- 03/14/2020
|
Coronavirus Roundtable: Preparing For The Months Ahead
- We conclude our three-part Marketplace Roundtable series on the recent bear market by looking forward. We ask our authors when they think the market will be saf
- 03/14/2020
|
February 2020 Dividend Portfolio Update
- February generated $347 in dividend income, up $32% sequentially and +25% Y/Y. Projected 12M forward income has hit $3,800, with Gifted Working Time amounting t
- 03/09/2020
|
Nicholas Ward's Dividend Growth Portfolio: February 2020 Update
- The value of my holdings decreased by 8.01% during February, outperforming the broader markets. My dividend income stream was up 12.9% y/y. I made 14 trades dur
- 03/07/2020
|
Next-Gen 3D XPoint: A Glimpse Into The Future Of Memory
- A Micron patent application reveals the ace up their sleeve. Next-gen 3D XPoint will narrow the performance gap with DRAM. Unlike the captive Intel model, Micro
- 02/24/2020
|
The Top Technology Stocks To Buy
- Technology is a top sector in our weekly sector ranking. Why Alteryx, Coupa Software, Globant, and Intuit are among the highest-rated technology companies in ou
- 02/21/2020
|
VanEck Vectors Semiconductor ETF Has A Solid Long-Term Growth Outlook
- SMH’s portfolio of stocks consists of 25 large-cap semiconductor stocks. The global semiconductor industry is expected to grow rapidly in the next decade thanks
- 02/21/2020
|
Stick With Qualcomm Through Its Latest Antitrust Proceedings
- Qualcomm is once again facing regulatory scrutiny. This is certainly also a problem of the extremely dominant position in many important markets. However, none
- 02/17/2020
|
January 2020 Dividend Portfolio Update
- January generated $224 in dividend income, up 9% Y/Y and up 13% sequentially. Projected 12M forward income has eclipsed $3700 with Gifted Working Time targeted
- 02/10/2020
|
SMH: Sell Signal Triggered By Taiwan And Overstretched Technicals On Semiconductors
- Semiconductors ETF tumbled ~7% last week on supply chain concerns in light of the Wuhan coronavirus outbreak. SMH's violent pullback in the face of overstretche
- 02/05/2020
|
The Best Stocks To Buy On A Sell-Off
- Overbought signal remains elevated, but the percentage of stocks trading at or over 5% above their 200 DMA is declining. Don't fight the tape, but compile your
- 01/31/2020
|
iShares PHLX Semiconductor ETF Is Expensive, But Long-Term Growth Outlook Appears To Be Favorable
- SOXX’s portfolio of stocks consists of 35 large-cap semiconductor stocks. The global semiconductor industry is expected to grow rapidly in the next decade, than
- 01/23/2020
|
49 Kiplinger Billionaire January Holdings With 33 Paying Dividends
- Kiplinger Investing publishes opportune stocks and funds for investor consideration (or rejection) on-line. This list of 49 billionaire picks curated by James B
- 01/22/2020
|
