We recently published a list of Top 10 AI Stocks on Wall Street’s Radar. In this article, we are going to take a look at where Broadcom Inc. (NASDAQ:AVGO) stands against other AI stocks on Wall Street’s Radar.
Shares of artificial intelligence (AI) chipmakers like Broadcom (NASDAQ: AVGO), Marvell Technology (NASDAQ: MRVL), and Arm Holdings (NASDAQ: ARM) rallied on Monday. At one point, they were up by 4%, 4.
Broadcom achieved $51.6B in FY24 revenue, driven by VMware integration and 44% YoY growth. Click here to find out why AVGO stock is a Buy.
Broadcom’s AI revenue surged, but its valuation is inflated. Learn why AVGO stock shows limited upside and may be due for a decline in the near term.
Tax season is around the corner and in the mire of deadlines and regulations, there is another thing tax filers need to be vigilant about this year: AI voice telephone scams. Michael Scheumack, chief innovation officer at IdentityIQ,
Nvidia supplies leading hyperscalers with AI chips, but Broadcom's latest sales figures may not bode well for the company.
The Microsoft CEO's claim about not being “chip constrained” has adversely affected investor sentiment for Nvidia. However, this development can prove beneficial for another high-flying semiconductor stock.
We recently compiled a list of the 12 Best Technology Stocks to Invest In for the Long Term. In this article, we are going to take a look at where Broadcom Inc.
Broadcom has reached a historic milestone, surpassing a US$1 trillion market valuation amid the rapid growth of the artificial intelligence (AI) market. CEO Hock Tan expressed confidence in a continued AI investment surge through the late 2020s.
Broadcom reported sales of $14 billion in the quarter (which ended Nov. 3), an increase of 51% from the year-ago quarter and mostly on par with analysts' consensus estimates. The company's non-GAAP (adjusted) diluted earnings increased by 28% to $1.42 per share, sparking investor enthusiasm, considering Wall Street's average estimate was $1.38.
Intel lost over 60% of its value in 2024, the biggest drop in its 53 years as a public company. Broadcom’s stock price more than doubled.
AVGO stock is trading at 36 times forward 2025 earnings, which seems pricey. However, Wall Street analysts generally have a positive outlook on Broadcom stock owing to its diversified business model, strong cash flow, and growth opportunities in 5G and AI.