AVGO Stock Recent News

It's that time of year again: Billionaire investors have offered us a peek into their latest investing moves through 13F filings. These are required quarterly by the Securities and Exchange Commission (SEC) from managers of more than $100 million in U.S. securities, and they detail the latest buys and sells of these major investors.

The stock market fell sharply Wednesday as the Nasdaq suffered its first distribution day since the April 22 follow-through day.

AVGO's strong portfolio and growing security footprint, as well as expanding AI offerings, make its top-line growth prospects bright.

Both Credo and Broadcom are well-positioned to gain from the rapidly growing AI-driven data center market. Let's find out which semiconductor stock is a better bet.

With trade tensions easing, stocks have rallied and are looking to potentially head into their next bull run. After leading the last bull market higher, artificial intelligence (AI) stocks seem to have regained their footing and could be ready to lead again.

Broadcom Inc. (AVGO) concluded the recent trading session at $231.68, signifying a +0.46% move from its prior day's close.

The quarterly 13F filing season is a goldmine for investors looking to uncover what some of the world's top hedge funds and institutional managers are buying and selling. Filed with the SEC within 45 days after each quarter's end, these disclosures provide a glimpse into the minds of elite investors managing more than $100 million, including big names like Warren Buffett, David Tepper, and Stanley Druckenmiller.

I reiterate my Strong Buy rating on Broadcom Inc., with a fair value estimate of $247 per share, driven by robust data center and AI demand. Hyperscalers' sustained and rising CAPEX signals healthy near-term growth for Broadcom's semiconductor solutions, especially in custom silicon for AI and cloud. Broadcom's new co-packaged optics and strong AI revenue guidance position it as a leader in addressing bandwidth and latency challenges in AI infrastructure.

Broadcom (AVGO 0.75%) stock was a winner on a fairly forgettable Monday for the market. During a session when the benchmark S&P 500 index could only eke out a less than 0.1% gain, Broadcom added nearly 1% to its share price.

On Wall Street, just like in poker, observing the subtle tells can be incredibly insightful. The market's resilient reaction to the Moody's downgrade, coupled with the historical precedent of the late 1990s, signals a bullish market ahead.