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Broadcom stock is climbing back in a base and nearing a buy point. Shares have gained more than 50% so far this year.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Broadcom shares have jumped 3% since the company announced a stock split in June.
The semiconductor industry has been on an epic run since early last year. The risk of a short-term disruption just increased exponentially.
Broadcom Inc. (AVGO) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
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Broadcom could be the next big AI winner with its custom AI chips. TSMC, meanwhile, benefits no matter who is winning the AI chip race.
Broadcom's stock price surged 30% due to AI advancements and industry optimism, prompting a reevaluation of its valuation using a reverse DCF model. Market-implied revenue growth for Broadcom is higher than our projections, driven by strong Networking segment performance and VMWare acquisition. Despite intensified competition from Nvidia, Broadcom's AI-related chip growth and software integration with VMWare support a Strong Buy rating.
Nvidia is an AI leader whose chips are still in high demand. Broadcom is tapping into a niche AI market.
Chip stocks rose Thursday on the back of Micron's AI demand outlook.