By one estimate, the rise of artificial intelligence (AI) can add more than $15 trillion to the global economy by the turn of the decade. Even though Nvidia's graphics processing units (GPUs) have become the standard in AI-accelerated data centers, prominent billionaires haven't been shy about reducing their stakes in this market leader.
Despite most of the technology sector's best efforts, it's still going to desperately need Taiwan Semiconductor for many, many more years. Broadcom isn't the company you think it is.
“It takes money to make money.” While that used to be true on Wall Street, it is no longer the case.
AVGO's strong AI prospects are driving up its stock, but it appears slightly overvalued, with a current PE ratio higher than justified by its expected FY26 growth rates. AI-related revenues could reach $10B in 2024, but competitive pressures from big tech and a potential slowdown in AI infrastructure demand pose risks. A more reasonable PE ratio of 45 suggests a fair price of $178 for FY25, indicating only a 10.3% upside and a speculative risk-to-reward ratio in the medium term.
Broadcom Inc. (AVGO) reachead $161.38 at the closing of the latest trading day, reflecting a +1.1% change compared to its last close.
Broadcom expands its cloud portfolio by launching a new private cloud offering in collaboration with Hitachi Vantara.
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.
Nvidia graphics processing units (GPUs) are the leading AI accelerators, but the chipmaker is also monetizing AI with adjacent hardware, subscription software, and cloud services. Arm central processing units (CPUs) are ubiquitous in smartphones and widely used in other mobile devices, but its chips are also gaining market share in data centers.
Broadcom (NASDAQ: AVGO) stock price will be in the spotlight in the next two weeks as the market receives information about the state of the artificial intelligence space. It will likely react to this week's Nvidia earnings, which will have an impact on most semiconductor companies.
Just over a dozen high-profile, time-tested businesses have announced or completed a stock split in 2024. Artificial intelligence (AI) goliaths Nvidia and Broadcom have been the most-anticipated stock splits of the year.
Broadcom is scheduled to give a financial update that could have enormous implications for investors.
Investors have been waiting for the Fed to begin cutting interest rates. Comments today by Fed chair Jerome Powell suggest rate cuts will begin as soon as next month.