Semiconductor stocks fell from grace in the month of July. After a strong start to 2024, Wall Street began to reprice earnings multiples which have expanded significantly in recent months.
Market pundits are predicting the AI to be bubble bursting in days or weeks, causing speculation and concern, especially for high-growth stocks like Broadcom. Recent volatility is not related to AI bubble; pullback in Broadcom seen as a strong buying opportunity due to strong AI spending outlook. Broadcom expected to benefit from increased AI capex by Big Tech companies, leading to robust revenue growth and margin expansion, suggesting strong upside potential.
Today, we are looking at screening for new potential watchlist names that have provided elevated levels of dividend growth over time. High dividend growth companies like Microsoft and Mastercard can provide substantial growth in dividends, thanks to their consistent earnings growth. We are looking at a quick overview of three different companies that screen the highest to see if they may be worthwhile names for our watchlist.
This week, shares of Nvidia (NASDAQ: NVDA ) closed more than 20% below their previous high, wiping out over $600 billion in market value. If it were a stock exchange, Nvidia would now be officially considered a bear market.
Broadcom is a diversified semiconductor stock with rapid dividend growth. Microsoft offers a rare combination of safety and investment upside.
Broadcom (NASDAQ: AVGO ) is a top semiconductor maker that really doesn't get enough love in this current market. Up more than 30% year-to-date, AVGO stock has begun to sell off alongside its higher-valuation peers.
This stock-split stock's growth prospects and valuation make it a great pick. Wall Street is overwhelmingly bullish about the stock.
This AI chipmaker can benefit from the continued AI investment of big tech companies. It makes multiple chips that support each other in AI data centers.
The VanEck Semiconductor ETF (SMH) secured its third-straight loss yesterday, as recession fears in the U.S. weighed on the entire chip sector.
Broadcom (NASDAQ: AVGO ) stock saw a 51% rise in value year-to-date and over a 500% increase in five years. The company's second-quarter revenue reached $12.5 billion, up 43% year-over-year, with AI products hitting a record $3.1 billion.
PDD Holdings helps manufacturers sell directly to an audience that is hard for them to reach. Broadcom is crucial to most aspects of modern-day telecom, and that's not changing anytime soon.
Broadcom offers exposure to artificial intelligence at a reasonable valuation. Procter & Gamble's results aren't great, but the company has too many good qualities to ignore.