Previous close | 789.95 |
Open | 790.64 |
Bid | 807.88 x 800 |
Ask | 808.00 x 1000 |
Day's range | 787.32 - 823.77 |
52-week range | 415.07 - 921.78 |
Volume | |
Avg. volume | 2,655,568 |
Market cap | 338.542B |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | 26.60 |
EPS (TTM) | 30.53 |
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 |
Broadcom's (NASDAQ: AVGO) stock has surged 45% since the beginning of the year. The diversified chip and infrastructure software company impressed the market with its stable growth, a new multiyear deal with Apple (NASDAQ: AAPL), and the potential benefits from its planned takeover of cloud software giant VMware (NYSE: VMW). Let's review Broadcom's business model, growth rates, and valuations to decide.
By Louis Juricic and Sarina Isaacs
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?
Investing.com -- Stocks in focus in premarket trade on Friday, June 2nd. Please refresh for updates.
Investing.com -- VMware, Inc. (NYSE:VMW) posted lower-than-anticipated revenue in the first quarter, as the cloud computing group saw strength at its subscription and software-as-a-service (SaaS) offerings partially offset by a drop in licensing demand.
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.
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?
Tomorrow morning's Employment Situation brings us the biggest economic report of the week, and arguably of the month.
Lululemon, Five Below, and Broadcom are all moving in after-hours trading. Yahoo Finance Live's Seana Smith breaks down the action.
Broadcom Inc forecast third-quarter revenue above market estimates on Thursday, as it benefits from massive corporate investments in AI-related technologies. The viral success of ChatGPT has sparked a surge in orders for chips that underpin the technology at big data centers, driving a rally in shares of semiconductor companies that cater to the hottest slice of the market. Broadcom Chief Executive Hock Tan said generative AI could account for more than 25% of the company's semiconductor revenue in 2024.
Investing.com - U.S. stock futures were trading slightly higher during Thursday's evening deals, after major benchmark averages closed out a positive session as market participants looked ahead to key employment data.
C3.ai shares plummeted after its outlook missed estimates. Yahoo Finance Tech Editor Dan Howley breaks down the company's latest earnings. Howley also discusses the run in AI stocks, including some names to know if you some of them may be too expensive for an investor's budget.
Investing.com -- Stocks sank on Wednesday as investors awaited the outcome of the vote on the debt ceiling deal, over objections from GOP members who wanted more spending cuts.
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.
Apple, Chevron, Accenture, Broadcom and Stryker are included in this Analyst Blog.
A range of geopolitical factors are pushing tech giants to relocate their operations from China. Here’s a closer look at the strategy behind Samsung’s and Apple’s manufacturing moves outside of China. Photo illustration: Amber Bragdon
Congress is expected to vote on legislation to pass the deal on Wednesday.
Apple and Broadcom recently entered into a partnership to collab on the development of 5G radio frequency components within the United States. Take a look into how the multi-billion dollar deal affects ETFs with exposure to Broadcom.
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.