If you factor out the impact of its VMWare acquisition, Broadcom's recent revenue growth has been weak. Management expects growth to pick up throughout the next year.
Despite renewed enthusiasm for Nvidia's stock and select other hot AI plays, an analyst sees pessimism in many corners of the semiconductor sector.
On Sept. 5, Broadcom Inc. AVGO reported stronger-than-expected earnings and sales results for its third quarter.
Goldman Sachs analyst Toshiya Hari reiterated a Buy rating on Broadcom Inc AVGO with a price target of $190.
Just over a dozen high-profile companies have announced or completed a stock split this year. More than a half-dozen billionaire investors have been sellers of Nvidia's stock for three straight quarters.
Broadcom's strong financials, AI growth, and diversified portfolio support a "Buy" rating, despite recent stock consolidation and market volatility. AVGO's Q3 revenue reached $13.07 billion, driven by AI-related products, with AI revenue projected to hit $12 billion for the fiscal year. I believe Broadcom's leadership in networking and AI positions it well for sustained growth and market share gains.
After a tough period for some AI stocks, investors have staged a relief rally. At the same time, AI is boosting financial results for some companies in the space.
Semiconductor stocks have rebounded this week, led by Nvidia and Broadcom, which one analyst called top picks.
Examine the evolution of Broadcom Inc.'s (AVGO) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.
Investors pressed the panic button following Broadcom's latest results, but they shouldn't miss the bigger picture. The chipmaker's AI-related sales are growing at a nice pace, and its non-AI business has started stabilizing as well.
Dividend stocks that aggressively grow their payouts can be more valuable than income stocks with long growth streaks. Companies with resilient operations and strong growth prospects can make for excellent long-term investments.
Broadcom "disappointed" with guidance on its recent earnings release. But AI chips and VMware are growing fast, and will now make up over half of revenue.