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Broadcom would only be interested in Intel's core PC- and server-chip units, Piper Sandler speculated.
Everyone knows that NVIDIA Co. NASDAQ: NVDA is the leader in the technology sector and its race to provide the necessary components for artificial intelligence to grow into what most investors think it could be. However, this doesn't mean that investors need to only pay attention to NVIDIA but rather zoom out into some of the other less crowded ideas out there.
The major chip stocks that I follow are somewhat ambivalent about the conditions of the market on Friday in premarket trading, as we see overall positive conditions, but are still looking for a catalyst.
Artificial intelligence (AI) has been a leading driver for many tech stocks like Nvidia in recent years. However, as the AI revolution matures, investors may be looking for ideas beyond Nvidia.
NVDA leads in AI hardware, securing a strong edge, while Broadcom's VMware acquisition boosts its presence in enterprise software.
Though earnings season -- the roughly six-week period each quarter where a majority of S&P 500 companies reveal their latest operating results -- provides plenty of juicy data for investors to sift through, there's arguably no data release more important than quarterly filed Form 13F filings with the Securities and Exchange Commission.
In the closing of the recent trading day, Broadcom Inc. (AVGO) stood at $228.73, denoting a +0.09% change from the preceding trading day.
You don't have to be an active investor to outperform Warren Buffett. Some passively managed ETFs have outperformed Berkshire Hathaway ( NYSE:BRK-B ) for several years.
Shares of Intel Corporation (NASDAQ:INTC) surged over 10% on Tuesday on the news that rivals Broadcom and Taiwan Semiconductor Manufacturing Co. (TSMC) are in talks to divide the ailing American chipmaker's business into two parts, according to the Wall Street Journal.
With the semiconductor stocks slowing down to start the year, contrarians may have an opportunity to put a bit of new money to work.