Broadcom Inc. (AVGO)
Does Broadcom's (AVGO) Strong Portfolio Make it Worth Buying?
Broadcom's (AVGO) strong portfolio and expanding AI offerings with the introduction of 400G RoCE/RDMA Ethernet NICs make its top-line growth prospects bright.
America's highest-earning CEO was awarded a staggering $162 million last year — but there's a catch
Broadcom boss Hock Tan is the highest-earning CEO in the US, per a Wall Street Journal analysis. But Tan has to fulfill certain criteria to get his full $162 million pay package.
Broadcom Inc. (AVGO) Exceeds Market Returns: Some Facts to Consider
Broadcom Inc. (AVGO) closed the most recent trading day at $1,414.03, moving +1.34% from the previous trading session.
Broadcom's New Networking Gear Aims To Resolve AI Data Center Bottlenecks
Broadcom (AVGO) on Monday announced a new portfolio of scalable, high-performance, low-power networking and switching products to resolve connectivity bottlenecks in data centers running artificial intelligence applications. Broadcom stock rose on the news. The Palo Alto, Calif.-based company said its 400G PCIe Gen 5.0 Ethernet adapters will "revolutionize the data center ecosystem." The products offer an enhanced, open, standards-based Ethernet network interface card and switching solution for rapidly growing AI data centers. "At Broadcom, we recognize the significance of fostering a power-efficient and highly connected data center for AI ecosystem," Jas Tremblay, Broadcom's vice president and general manager of the data center solutions group, said in a news release. He added, "Broadcom is prioritizing open standards and fostering collaboration with industry leaders to deliver the most extensive selection of high-performance connectivity solutions for AI infrastructure." On the stock market today, Broadcom stock rose 1.3% to close at 1,414.03. Last week, Broadcom stock flirted with a buy point of 1,438.17 out of a 10-week consolidation pattern, according to IBD MarketSurge charts. Broadcom's latest networking chips use 5-nanometer process technology. Circuit widths on chips are measured in nanometers, which are one-billionth of a meter. "As the industry races to deliver generative AI at scale, the immense volumes of data that must be processed to train LLMs (large language models) require even larger server clusters," Patrick Moorhead, an analyst with Moor Insights and Strategy, said in a statement. "Ethernet presents a compelling case as the networking technology of choice for next generation AI workloads." The 400G PCIe Gen 5.0 Ethernet family is available from multiple server vendors, as well as from Broadcom. Broadcom stock is on the IBD Tech Leaders list. Follow Patrick Seitz on X, formerly Twitter, at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. YOU MAY ALSO LIKE: Layoffs, Studio Closures Could Signal Bottom For Video Game Stocks Chip Gear Giant Applied Materials Beats Targets On DRAM Equipment Sales AMD Stock Rises On Microsoft Plan To Offer AMD AI Processors On Azure MarketSurge: Research, Charts, Data And Coaching All In One Place See Stocks On The List Of Leaders Near A Buy Point
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Cybersecurity Champions: 3 Stocks to Hack-Proof Your Portfolio
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