Semiconductor equities are among the primary culprits behind a decline that's seen the Nasdaq-100 Index shed 8.78% over the past month. But some market observers believe it's merely a matter of time before previous stars such as Nvidia (NVDA) and Broadcom (AVGO) bounce back.
Many stocks have entered corrections after strong rallies to start 2024. Some of these stocks present long-term opportunities for patient investors while others stocks will continue to dip.
Semiconductor stocks could be set for a rebound in the fourth quarter as seasonal headwinds ease, according to Bank of America Securities analysts.
This company touches every bit of data on the internet.
In addition to the rise of artificial intelligence (AI), stock-split euphoria has taken firm hold on Wall Street. More than a dozen high-profile, time-tested businesses have announced and/or completed a stock split in 2024, with AI goliaths Nvidia and Broadcom being the most anticipated.
Broadcom is dominating the market for custom AI chips. Investors should note that it may have a bigger opportunity in the data center interconnect market where the requirement for ethernet switches is growing to enable faster connectivity.
Artificial intelligence stocks Nvidia, Broadcom, and Super Micro Computer have announced stock splits in 2024; Microsoft and ServiceNow could be next. Microsoft is the world's largest software company and second-largest public cloud, and the company is monetizing artificial intelligence across both segments.
Broadcom's enviable place in the artificial intelligence (AI) ecosystem should keep it chugging along. Nvidia's gold standard chips underpin the AI revolution.
Broadcom is growing at a high rate, and it recently boosted its guidance for the year. The company generates high margins, which will ensure its profits also rise quickly.
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.