Broadcom Inc. (AVGO)
After hours:
| Previous close | 149.26 |
| Open | 153.50 |
| Bid | 151.60 x 200 |
| Ask | 160.75 x 100 |
| Day's range | 149.92 - 153.50 |
| 52-week range | 79.51 - 185.16 |
| Volume | |
| Avg. volume | 36,154,924 |
| Market cap | 705.819B |
| Beta (5Y monthly) | 1.19 |
| PE ratio (TTM) | 65.08 |
| EPS (TTM) | 2.33 |
| Earnings date | 29 Aug 2024 - 02 Sept 2024 |
| Forward dividend & yield | 2.10 (1.41%) |
| Ex-dividend date | 24 Jun 2024 |
| 1y target est | 195.36 |
ZacksBroadcom Inc. (AVGO) Suffers a Larger Drop Than the General Market: Key Insights
Broadcom Inc. (AVGO) closed at $149.26 in the latest trading session, marking a -1.37% move from the prior day.
- Yahoo Finance Video
Chip stock sell-off opens door for long-term plays: Analyst
Chip stocks continue their sector-wide slide, following a tech sell-off triggered by disappointing reports from some Magnificent 7 companies. Moor Insights & Strategy founder, CEO, and chief analyst Patrick Moorhead joins Morning Brief to discuss the semiconductor industry's current state. Moorhead observes that due to the chip sector's strong momentum over the past year, "any hiccup, any rumor of something" can trigger a stock decline. He suggests this downturn presents an opportunity for investors to identify potential high-growth companies beyond industry giants like Nvidia (NVDA), Broadcom (AVGO), and Intel (INTC). Moorhead advises investors to "look at a mid-term and even... long-term approach of where those stocks are going or could go," highlighting companies such as Qualcomm (QCOM). Regarding industry trends, Moorhead notes that many companies are pivoting towards AI, often at the expense of other initiatives. "They want their IT groups to pivot to generative AI. And a lot of this is about FOMO, it's the fear of missing out," he explains. This shift in focus is creating a divide in the market: "That's why you see companies that aren't engaged in the generative AI wave are seeing very mixed results." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
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