|Bid||791.24 x 800|
|Ask||812.98 x 1000|
|Day's range||787.32 - 823.77|
|52-week range||415.07 - 921.78|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||26.60|
|Earnings date||30 Aug 2023 - 04 Sept 2023|
|Forward dividend & yield||18.40 (2.33%)|
|Ex-dividend date||21 Jun 2023|
|1y target est||683.30|
The economy appears to be doing well, withstanding the pressure of higher interest rates without causing a big disruption in the labor market thus far. Major market benchmarks climbed sharply at midday, with the Dow Jones Industrials leading the way with a gain of nearly 2%. Indeed, with investors scouring the sector to find the best potential artificial intelligence (AI) stocks for the future, the latest financial results from Broadcom (NASDAQ: AVGO) had the spotlight as the week drew to a close.
Broadcom's (AVGO) second-quarter fiscal 2023 results benefit from an increase in revenues from the Semiconductor solution segment.
Broadcom shares traded slightly higher after its second quarter results beat analyst estimates. The Yahoo Finance Live team breaks down the report.
In fact, the S&P 500 only advanced by a quarter of a percentage point in May. For a handful of technology stocks, however, May was a bullish blowout. Are the S&P 500's biggest winners from last month still worth buying at their newly inflated price?
At this time, for opening remarks and introductions, I would like to turn the call over to Ji Yoo, head of investor relations of Broadcom Inc. Joining me on today's call are Hock Tan, president and CEO; Kirsten Spears, chief financial officer; and Charlie Kawwas, president, Semiconductor Solutions Group. Broadcom distributed a press release and financial tables after the market closed, describing our financial performance for the second quarter fiscal year 2023.
(Bloomberg) -- Broadcom Inc. predicted that sales tied to artificial intelligence will double this year, a sign it’s benefiting from the same frenzy that boosted Nvidia Corp., but the chipmaker remains mired in a broader slowdown.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutOil Rises After Saudis Pledge Million-Barrel Cut at OPEC+ MeetMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallySaudi Shoulders Burden to Support Oil Market With Extra CutsUS-Chin
Broadcom Inc. (AVGO) delivered earnings and revenue surprises of 1.88% and 0.26%, respectively, for the quarter ended April 2023. Do the numbers hold clues to what lies ahead for the stock?
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A company displaying free cash flow strength has freedom for growth opportunities, can consistently shell out dividends, and wipe out debt easily.
Broadcom's (AVGO) fiscal second-quarter performance is likely to reflect strong networking solutions and broadband solutions.
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Broadcom Inc. (AVGO) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
SMART Global Holdings, Inc. (SGH) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Broadcom Inc. (AVGO) shares gained 14% in May alone. The latest surge in potential A.I. related companies has helped. However, unusual buying in the shares has been a theme for months.
In a move that surprised some investors and analysts, Apple (NASDAQ: AAPL) signed a new multi-billion deal with Broadcom (NASDAQ: AVGO), which will drive the development of components related to 5G radio frequencies. The announcement sent Broadcom stock higher as the relationship between the two companies expanded. Given its already elevated stock price, does this latest deal make Broadcom a buy, or did investors miss their opportunity?
The data suggest Broadcom stock is still worth buying. But investors should take note of two recent events.
Broadcom stock is an under-the-radar artificial intelligence stock with tremendous upside, a healthy balance sheet, and 2.68% dividend yield. Is AVGO stock a buy now?
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