Want to generate steady cash flow from your stock portfolio while having the potential to outperform the stock market? Some dividend growth stocks fulfill both of those requirements.
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.
Market volatility has picked up significantly, with tech stocks (again) leading the entire market lower on Thursday, a day after recovering markedly from Wednesday's losses. Indeed, it can be a rather stomach-churning experience to be invested in stock markets these days.
Broadcom and Chipotle both completed stock splits recently after their shares soared into thousand-dollar territory. The companies each reported double-digit revenue growth in the recent quarter.
Broadcom's (NASDAQ: AVGO ) stock is an optimistic buy in line with high AI and networking capabilities. In fiscal Q2 2024, Broadcom had net revenue of $12.5 billion, a 43% year-over-year (YOY) increase.
Broadcom's (AVGO) strong portfolio and expanding AI offerings make its top-line growth prospects bright in the long run.
In July, most AI stocks entered a correction as the rotation into sectors such as homebuilders and banks gained momentum. Still, any pullbacks in these stocks present a buying opportunity.
Investing in growth stocks gives investors the opportunity to outperform major benchmarks like the S&P 500 and the Nasdaq Composite. Growth-oriented firms regularly exhibit rising revenue.
Recent earnings reports from Microsoft and AMD brought some good news for Broadcom investors. Broadcom stock is also getting a boost from geopolitical news.
Semiconductor companies were digesting good news from both earnings and geopolitics.
Citadel's Ken Griffin lowered his stake in Nvidia by 68% in the first quarter -- but significantly increased his bet on another AI stock. Investors pay attention to Griffin's moves considering Citadel's success over time.
This stock just split 10-for-1 amid considerable, AI-driven growth. The company dramatically increased its research budget, which bodes well for its long-term competitive position.