Broadcom Inc. (AVGO)
Broadcom: Solid Earnings - Buy The Dip
Broadcom's recent earnings beat expectations, but guidance fell short, leading to a "sell-the-news" reaction. However, this presents a buying opportunity. Broadcom's stock is relatively inexpensive with a forward P/E ratio around 20x - 22x, and it has strong potential for future EPS growth and multiple expansion. Despite a 30% correction, Wall Street remains bullish with price targets ranging from $155 to $240, indicating significant upside potential.
Why Broadcom Stock Is Gaining Today
Apple unveiled four iPhone 16 devices yesterday. Each of the iPhone 16 lines will support Wi-Fi 7, and KeyBanc expects Broadcom to provide key hardware to enable the technology.
If You Bought 1 Share of Broadcom at Its IPO, Here's How Many Shares You Would Own Now
Early investors who bought Broadcom at its IPO have seen their investments grow tremendously. Broadcom executed a 10-for-1 stock split in July, meaning investors now have 10 shares for every share they initially purchased.
Broadcom: A Falling Knife That's Worth Catching
Broadcom is a semiconductor bellwether with growing AI exposure. AVGO's AI revenue outlook disappointed the market as investors likely wanted more. I assess that there isn't a structural slowdown in the AI upcycle, suggesting near-term weakness is likely overstated.
Should Nvidia Investors Be Worried About This Statement from Broadcom's CEO?
Nvidia dominates merchant GPU chips that run the most advanced AI. However, every cloud giant is now investing in their own in-house custom ASICs to train AI.
Broadcom Stock: 3 Reasons to Buy, 3 Reasons to Sell
Broadcom's latest earnings report exceeded Wall Street's expectations. It raised its revenue and adjusted EBITDA guidance for the full year.
Is It Time to Buy the Dip in Broadcom Stock After a Sluggish Forecast Sends Shares Lower?
Broadcom's business is seeing strong AI-related growth. Its other business segments outside of AI and VMware continue to struggle.
Broadcom Selloff Explained! Should You Buy the Dip in AVGO Stock?
Broadcom Inc. AVGO stock suffered its worst rout since the pandemic on Friday after the company's tepid revenue forecast discouraged investors who have been betting on robust demand for artificial intelligence (AI) chips to drive the company's growth. But is it the right time to sell the stock, or should you rather remain bullish and consider this as a buying prospect?
1 Stock-Split Artificial Intelligence (AI) Stock to Buy Before It Skyrockets 42%, According to Wall Street Analysts
Broadcom stock is down 15% over the past couple of days.
Broadcom Inc. (AVGO) Is a Trending Stock: Facts to Know Before Betting on It
Zacks.com users have recently been watching Broadcom Inc. (AVGO) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
2 Semiconductor Stocks Helping Big Tech Ditch Nvidia's AI Stronghold
Alphabet, Microsoft, Meta Platforms, and more are designing AI chips to reduce reliance on Nvidia solutions.
1 Wall Street Analyst Thinks AI Stock Broadcom Is Going to $210. Is It a Buy?
Broadcom shares are already quite pricey, even after a recent pullback. That sell-off was the market's negative reaction to fiscal third-quarter results.
