Broadcom Inc.'s furious stock rally has cooled in recent days, such that the company could shed more than $100 billion in market capitalization across its current five-session losing streak.
The stock has fallen back from recent highs but BoA Securities analyst Vivek Arya is raising his target price.
Trends come and go, but one in fashion again is stock splits. Two years ago, there was a frenzy of splits in the tech space.
Broadcom recently announced a 10-for-1 stock split. The stock is trading near its 52-week high, and a split should open the door to a bigger base of investors.
I totally get it. We all want to find the “new” Nvidia (NASDAQ: NVDA ).
Artificial intelligence (AI) has the potential to add nearly $16 trillion to the global economy by the turn of the decade. Eight top-tier billionaires sent shares of Nvidia to the chopping block in the March-ended quarter.
Broadcom stock has been on a tear, nearly doubling over the past year, but artificial intelligence (AI) could push the stock higher. AI is the fastest-growing segment of its business, now representing 25% of sales.
Broadcom (AVGO) shares fell nearly 4% on Monday, joining a sell-off in other leading chipmakers, as investors booked profits in some of this year's best performing stocks that have ridden Wall Street's artificial intelligence (AI) wave amid insatiable enterprise demand for hardware that powers the technology.
Artificial intelligence has attracted plenty of capital from tech giants, fund managers, and various investors. This technology has driven up the S&P 500 and Nasdaq Composite to all-time highs as the top tech companies continue to benefit from AI tailwinds.
Shares of Broadcom Inc. AVGO have reversed, and they also could be about to refill a gap. This means the stock may make a meaningful move lower.
Broadcom (NASDAQ: AVGO ) and Bytedance are leading artificial intelligence ( AI ) stocks news on Monday following news of a partnership to develop new chips. According to insiders, Broadcom and Bytedance are working together to develop advanced 5-nanometer AI chips.
There are many reasons to keep liking Broadcom Inc.'s stock, according to an analyst who just became Wall Street's most bullish.