Nvidia's impressive growth backs up the meteoric surge in its stock price. AMD is transforming its business, but that has come at a high price.
The great thing about reliable dividend stocks is that they continue to deliver cash flow during any economic situation. Bullish cycles result in high gains and dividends that serve as a bonus.
Most people discussing Broadcom (NASDAQ: AVGO ) stock focus on artificial intelligence, and rightly so. The premier mobile chipset maker in recent periods turned its attention to data center infrastructure, such as Ethernet switching and routing silicon.
The fifth generation of communication technology, aka 5G, will play a critical role in shaping a fully connected world, putting several 5G stocks in the spotlight. 5G is set to take digital connectivity to new heights with greater bandwidths, speedy downloads and larger data capacity.
Nvidia stock remains below a closely watched moving average but analysts raised their annual profit estimates on the chip and AI leader.
Veteran investment commentator Mark Hulbert wrote an appropriately-timed commentary for MarketWatch on July 22 that discussed how Broadcom (NASDAQ: AVGO ) stock and 24 others were most likely to crash. Hulbert highlighted the contrarian market indicator “U.S. Crash Confidence Index,” created in 1984 by Robert Shiller, the Yale professor best known for the CAPE ratio (cyclically adjusted price-to-earnings ratio), which is like the P/E ratio, except that the CAPE adjusts earnings to account for inflation.
Leading semiconductor company Broadcom Inc. NASDAQ: AVGO underwent a 10-for-1 stock split on July 12, 2024. Predictably, its shares surged upon announcing the split and ran into the actual split.
Shares in chipmakers and the semiconductor sector have recently experienced a significant pullback. The VanEck Semiconductor ETF NYSE: SMH, a leader with over 37% gains year-to-date, has entered correction territory, falling over 15% from its 52-week high.
Broadcom (NASDAQ: AVGO ) has been riding high on the artificial intelligence wave that electrified the tech sector. The company's strong position in networking infrastructure and custom AI chips for hyperscalers like Alphabet (NASDAQ: GOOG , NASDAQ: GOOGL ) and Amazon (NASDAQ: AMZN ) has investors salivating over its growth prospects.
Analysts think two stocks with recent splits could outperform Nvidia over the next 12 months. Both stocks have been big winners so far in 2024.
Wall Street rarely sees two trends like artificial intelligence (AI) and stock-split euphoria competing for attention. AI drove record highs for major indices in 2024, while stock splits, though cosmetic, also fueled market excitement for certain names.
Semiconductors power many devices that you use every day. You can find this technology in your computer, car, refrigerator, and other everyday items.