The artificial intelligence (AI) rush is far from over, and it is continuing to evolve. As a result, investors continue to look for dynamic tech stocks with the potential to benefit from AI in the long run and generate substantial returns.
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. (NASDAQ:AVGO) stands against the other technology stocks.
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.
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,
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.
Nvidia supplies leading hyperscalers with AI chips, but Broadcom's latest sales figures may not bode well for the company.
Semiconductor chip stocks, including Nvidia, AMD, Broadcom, TSM, STM, MRVL, MU, ARM, and SMCI surged ahead of CES, boosted by Microsoft's $80B AI investment and Foxconn's record revenue.
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.
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.
Broadcom, which was known as Avago before it acquired the original Broadcom and inherited its brand in 2016, is more diversified. Its semiconductor division sells a wide range of
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.
Discussing high valuations in the tech sector, particularly for large-cap stocks trading at forward earnings multiples between 32 and 35 times, Lip countered that many valuations remain within one standard deviation of their historical norms over the past decade.