AVGO Stock Recent News
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PALO ALTO, Calif., March 26, 2025 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ: AVGO) today introduced new updates to VMware vDefend that enable organizations to up-level security planning and assessment, simplify lifecycle management and operations, and seamlessly scale security across application environments.
AVGO, COMM and DAN made it to the Zacks Rank #1 (Strong Buy) growth stocks list on March 26, 2025.
FFIN, SZKMY and AVGO made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 26, 2025.
Just seven public companies boast market capitalizations of at least $1 trillion, as I write this, and other than conglomerate Berkshire Hathaway, each of them is a technology company.
Several stocks involved closely in the AI trade shell out dividend payments, reflecting a nice opportunity for income-focused investors seeking to obtain exposure to the mania.
AVGO's strong portfolio and expanding AI offerings make its top-line growth prospects bright.
Broadcom reported $14.9B in Q1-FY25 revenue, up 25% YoY, driven by AI and software growth. AI semiconductor revenue surged 77% YoY to $4.1B, accounting for 41% of Broadcom's total semiconductor sales. Infrastructure Software revenue rose 47% YoY to $6.7B, fueled by VMware integration and subscription-based transitions.
Stock price behavior is often a more reliable indicator than financial news, since news is a delayed version of reality. Broadcom shows strong stock performance despite market weakness, holding above its 200-day moving average and suggesting a continuing bull market. The bullish setup for AVGO isn't obvious to me in the numbers, but may be due to its potential role in the next phase of the AI story.
The U.S. equity market has had a solid run in the past two years, buoyed by a steadily improving macroeconomic environment and strong uptake of artificial intelligence technologies. The benchmark S&P 500 index climbed almost 53% in the past two years.
The market sell-off has harmed multiple companies and even caused a handful to fall out of the $1 trillion valuation club. Broadcom (AVGO 0.55%) and Taiwan Semiconductor Manufacturing (TSM -0.56%) are two companies that have fallen below this exclusive valuation level.