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?
The main reason to buy Broadcom before its stock split is tied to the key reason the company is splitting its shares. One study could support investors' expectations that Broadcom's stock split will provide a catalyst.
Just last month, Broadcom announced plans for a 10-for-1 stock split, which kicks off later this week. History suggests the stock likely has additional upside.
The next big stock split is quickly approaching. Tech sector titan Broadcom (NASDAQ: AVGO ) is gearing up for a 10-for-1 stock split scheduled for July 12, 2024.
Broadcom Inc. AVGO is gearing up for its highly anticipated 10-for-1 stock split on July 12. Following in the footsteps of recent splits by Nvidia Corp NVDA and Chipotle Mexican Grill CMG, Broadcom aims to make its soaring stock more accessible to a broader range of investors.
Intel's new direction was the right decision for the longtime chipmaker. Micron -- a leader in memory and storage solutions -- is a key supplier to Nvidia.
With artificial intelligence (AI) front and center, it's no wonder that semiconductor giant Broadcom (NASDAQ: AVGO ) has been surging lately. The company specializes in integrated circuits (ICs) and other technologies critical for the advanced needs of AI applications.
Investors are clearly favoring companies conducting forward-stock splits. Nearly a dozen high-profile businesses have announced stock splits this year, including leading artificial intelligence (AI) companies Nvidia and Broadcom.
Broadcom is launching a split to lower the price of its high-flying shares. The stock has soared more than 500% over the past few years and now trades at about $1,700.
Nvidia completed a stock split in June, and Broadcom has a stock split slated for July, leaving MercadoLibre as the Nasdaq-100 stock most likely to split next. MercadoLibre operates the largest commerce and payments ecosystem in Latin America and is expected to be the world's fastest-growing advertising company in 2024.
Stock splits make shares more affordable to a broader group of investors.
Long-term blue-chip stocks are the way to go to grow your wealth without taking on too much risk. Relying on the safety and compounding of blue-chip stocks will minimize drawdowns and set you on a path to wealth creation.