AVGO Stock Recent News

Chip makers who specialize in semiconductors—after being caught up in optimism about artificial intelligence for the past two years, have had a rough couple of months.

Broadcom Inc. (AVGO) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Here we present three semiconductor stocks, CRDO, AVGO and MRVL, which are poised to benefit from a robust demand environment in the data center market.

One of the kings of the semiconductor industry, Broadcom NASDAQ: AVGO, has a new product on the way. However, it is not one of the company's vaunted custom AI accelerators, which it refers to as XPUs.

Broadcom Inc. (AVGO) could produce exceptional returns because of its solid growth attributes.

Currently, just eight vaunted stocks boast market capitalizations of over $1 trillion. This includes six of the Magnificent Seven stocks, as well as Warren Buffett's Berkshire Hathaway NYSE: BRK.A.

The recent dip in the major market indices has included some significant declines in the shares of leading artificial intelligence (AI) companies. Some of these tech stocks had monster runs over the last few years and might have been due for a pullback.

Broadcom announced that Audi's Edge Cloud 4 Production initiative, powered by VMware Cloud software, is now live at the Boellinger Hoefe plant in Germany.

Shares of most artificial intelligence (AI)-related semiconductor stocks, including Taiwan Semiconductor Manufacturing (TSM -4.86%), Broadcom (AVGO -4.77%), and Marvell Technology (MRVL -7.55%), were falling hard on Wednesday, down 4.5%, 4.3%, and 6.6%, respectively, as of 12:49 p.m. ET.

Broadcom Inc (NASDAQ:AVGO) stock was last seen down 3.9% to trade at $181, on track for its third-straight daily drop as the tech sector struggles.