G0d4ather Introduction I had a thesis about Broadcom’s (NASDAQ:AVGO) stock in January 2024 with a “Strong Buy” rating. Since my first publication, AVGO’s price increased by more than 3%. The stock’s dynamic is better than S&P 500, meaning that my thesis is keeping up well. It seems that the market sentiment around semiconductor stocks is…
Monty Rakusen If you look at our track record on Seeking Alpha over the last few years, it’s one that we’re generally proud of. We’ve had a number of great calls that (we hope) have helped investors identify opportunities in the market and build wealth. However, we’re not perfect, and every so often, we produce…
Justin Sullivan Investment Thesis My previous Broadcom (NASDAQ:AVGO) bullish earnings preview aged extremely well, because the stock surged after the strong previous earnings release. Since early December 2023, the stock rallied by more than 50%, substantially outpacing the broader U.S. market. Today, I want to update my thesis about the company, and it is pre-earnings…
G0d4ather Broadcom (NASDAQ:AVGO) is expensive right now, yet as one of the leading semiconductor companies in the world, I think it has a place in technology portfolios. My analysis shows investors are paying a significant premium if buying now, but operations and financials will contribute to continued long-term growth for the firm. As an investor…
Justin Sullivan In our prior analysis of Broadcom Inc. (NASDAQ:AVGO), we focused on its semiconductor business segment, emphasizing its robust growth propelled by Networking, driven by swift product development in the realm of AI. Additionally, we highlighted positive trends in other segments such as Storage, Wireless, and Broadband, all benefiting from the deployment of 5G…
Justin Sullivan I must admit that Broadcom Inc. (NASDAQ:AVGO) stock’s performance was so dominant in 2023 that I have failed to participate in its upside since AVGO bottomed out in October 2022. Accordingly, AVGO staged a rebound of nearly 178% through its recent December 2023 highs. As a result, AVGO has continued to outperform its…
Sinenkiy/iStock via Getty Images Broadcom (NASDAQ:AVGO) jumped around 10% on Monday based on news that Citi was resuming coverage on the stock with a Buy rating. I will explain some of the reasons why it is a good time to cash in. Citi sees core business strength and VMware synergies The latest jump in Broadcom’s…
G0d4ather Broadcom (NASDAQ:AVGO) is facing fierce competition from Nvidia, and its infrastructure software doesn’t have too many high-quality assets. I am initiating a ‘Sell’ rating with a fair value of $850 per share. Losing the Semiconductor Race in the AI Era Broadcom is offering Ethernet switching and routing semiconductors, which has been a successful business…
G0d4ather We’re upgrading Broadcom (NASDAQ:AVGO) to a buy post-4Q23 results and outlook. We now think our negative thesis of AVGO’s A.I. growth not being enough to offset macro weakness and drive outperformance has been priced into the outlook for next year. Management now guides FY24 revenue of ~$50B, trailing the consensus of $52.34B. On the…
Justin Sullivan Investment thesis My initial bullish thesis about Broadcom (NASDAQ:AVGO) aged well, as the stock notably outperformed the broader U.S. market since mid-July. Today, I want to explain why I reiterated my “Strong Buy” rating for AVGO and share my upcoming quarter’s earnings preview. Broadcom is well-positioned to capitalize on the surging demand for…
Justin Sullivan When it comes to dividend stocks, there are a lot of great options out there from low yield, moderate yield, or even high-yield stocks. Low yield dividend stocks like Apple (AAPL) and Microsoft (MSFT) offer some nice growth potential and a little dividend to go along with that growth potential. Then you have…
G0d4ather Last month, Broadcom (NASDAQ:AVGO) unveiled its Q3 earnings (ending July) which surpassed sell-side expectations. The stock surged nearly 10% in the two days leading up to the announcement, mirroring investor anticipation reminiscent of Nvidia’s standout performance. However, lacking the expected blowout, the stock dipped 4%, eventually settling back to its pre-run-up levels. I initially…
G0d4ather If the reaction to Broadcom’s (NASDAQ:AVGO) Q3 earnings report is any indication, many investors (and professional money managers) still don’t understand the company’s long-term strategy and its primary investment thesis. As a result, they appear to have been expecting a significant “AI boost” to Q3 results (and Q4) and, apparently, were disappointed when it…
simonkr Well folks, we are in the middle of a seasonally weak period for stocks, and the AI market has taken a breather of late as investors question whether the technology will truly reaccelerate these companies’ growth prospects. Some believe that investors may have gotten too excited about AI, while others believe that the market…
da-kuk Broadcom’s (NASDAQ:AVGO) strategy of AI driving growth while it continues to buy expensive companies to generate growth may not be a promising idea given the state of the company’s balance sheet and the interest rate environment. We would avoid the stock and detail our thesis below. Broadcom – The business Broadcom sells semiconductor and…