The Latest Breaking News from AVGO

Futures were mixed a day after the Fed's hawkish shift. Broadcom jumped on earnings. Tesla soared as Elon Musk said he expects to win the Tesla pay vote.

Chipmaker and infrastructure software provider Broadcom beat Wall Street's targets for its fiscal second quarter.

With solid chip demand across consumer electronics, automotive, and telecom sectors, coupled with rising technological advancements like AI and ML, the semiconductor industry is poised for robust expansion. So, let’s analyze Taiwan Semiconductor Manufacturing (TSM) and Broadcom (AVGO) to determine which chip stock will surge in the upcoming months. Read…

Broadcom stock still looks very cheap, given its free cash flow and related FCF margins. AVGO stock could be worth over 22% more at $1,626 per share using its existing FCF margins and a 3% FCF yield metric.

Dow Jones futures: Inflation reports loom with the stock market near record highs. Taiwan Semiconductor is in buy range.

Futures rose after the Dow Jones rose for a seventh straight session Thursday. Nvidia chipmaker Taiwan Semi reported strong sales, leading AI stocks near buy points.

Analysts at Citi expect a relatively muted earnings season from the chip industry, but they're still bullish on these top picks from the artificial intelligence and semi equipment specialties.

This hyper-growth AI company's top and bottom lines are rapidly increasing, propelling its stock higher.

Amid the ongoing rally of AI chip stocks in 2024, a Bank of America Securities analyst just highlighted five AI-focused chip companies for investors still seeking exposure to this breakout industry.