Broadcom is valued around $700 billion today, up around 40% on the year. But there's a good case to be made for the AI juggernaut to reach $1 trillion next year.
The current chaos that continues to roil the markets is creating a lot of headaches and material losses as major indices fall. It's also creating top investing opportunities to capitalize as prices dip artificially low in some cases.
With many signs showing the AI boom is continuing, Broadcom (NASDAQ: AVGO ) will enjoy tremendous benefits from the trend going forward. What's more, after AVGO stock declined in recent weeks, the share's valuation looks quite attractive.
Semiconductor equities are among the primary culprits behind a decline that's seen the Nasdaq-100 Index shed 8.78% over the past month. But some market observers believe it's merely a matter of time before previous stars such as Nvidia (NVDA) and Broadcom (AVGO) bounce back.
Many stocks have entered corrections after strong rallies to start 2024. Some of these stocks present long-term opportunities for patient investors while others stocks will continue to dip.
Semiconductor stocks could be set for a rebound in the fourth quarter as seasonal headwinds ease, according to Bank of America Securities analysts.
This company touches every bit of data on the internet.
In addition to the rise of artificial intelligence (AI), stock-split euphoria has taken firm hold on Wall Street. More than a dozen high-profile, time-tested businesses have announced and/or completed a stock split in 2024, with AI goliaths Nvidia and Broadcom being the most anticipated.
Broadcom is dominating the market for custom AI chips. Investors should note that it may have a bigger opportunity in the data center interconnect market where the requirement for ethernet switches is growing to enable faster connectivity.
Artificial intelligence stocks Nvidia, Broadcom, and Super Micro Computer have announced stock splits in 2024; Microsoft and ServiceNow could be next. Microsoft is the world's largest software company and second-largest public cloud, and the company is monetizing artificial intelligence across both segments.
Broadcom's enviable place in the artificial intelligence (AI) ecosystem should keep it chugging along. Nvidia's gold standard chips underpin the AI revolution.
Broadcom is growing at a high rate, and it recently boosted its guidance for the year. The company generates high margins, which will ensure its profits also rise quickly.