Broadcom Is a Bargain Among Semiconductor Firms: Trade It This Way

Semiconductor firm Broadcom (AVGO) beat Wall Street's expectations with its fiscal third-quarter financial results, posting an adjusted EPS of $10.54 on revenue of $8.876 billion, and despite pedestrian growth, the company is seen as a potential bargain due to its free cash flow and potential in the AI market.

thestreet.com

Relevant topic timeline:

8/22/2023

Buy Broadcom Stock During Market Dips (Technical Analysis) (NASDAQ:AVGO)

Broadcom, a significant player in the semiconductor industry, is a promising investment option due to its strong performance, focus on artificial intelligence (AI), consistent growth, and attractive valuation. The stock's technical analysis suggests a bullish trend and potential buying opportunities, although there are risks associated with competition, market volatility, supply chain disruptions, and economic uncertainties. However, investors may consider buying the stock during price dips or a surge beyond its record high to capitalize on Broadcom's growth and industry relevance.

8/31/2023

Broadcom Earnings Edge Estimates. The Stock Slips.

Broadcom's stock slips after reporting slightly better-than-expected financial results.

9/1/2023

Broadcom Isn’t Delivering Nvidia-Type Beats. Why You Should Back Its AI Growth Anyway.

Broadcom is seen as a promising semiconductor player for artificial intelligence growth, following in the footsteps of Nvidia.

8/31/2023

Stocks making the biggest moves after hours: Dell, Lululemon and MongoDB

MongoDB's shares rose 5% after reporting higher-than-expected earnings and revenue for the second quarter, beating analysts' estimates. Dell Technologies also saw a 7.7% increase in stock price as it surpassed Wall Street's expectations for earnings and revenue in the second quarter. On the other hand, Broadcom's shares fell 4% as it posted weaker-than-expected guidance for the fiscal fourth quarter. VMware's stock dipped 1.7% despite reporting mixed earnings, while Lululemon Athletica experienced a nearly 2% increase in stock price after surpassing sales and profit estimates for the fiscal second quarter and raising its sales outlook for the year.

9/21/2023

Broadcom Stock Drops on Rate Fears, But Analysts Still Bullish on Growth from Software and AI

Despite a recent slip, semiconductor firm Broadcom's stock is still considered a strong buy due to its growing software business, stake in the artificial intelligence game, and positive insider buying activity, along with expectations of continued robust demand for semiconductors and AI advancements.

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Posted 9/1/2023, 3:15:00 PM

Broadcom Is a Bargain Among Semiconductor Firms: Trade It This Way

thestreet.com

Relevant topic timeline:

8/22/2023

Buy Broadcom Stock During Market Dips (Technical Analysis) (NASDAQ:AVGO)

8/31/2023

Broadcom Earnings Edge Estimates. The Stock Slips.

Broadcom's stock slips after reporting slightly better-than-expected financial results.

9/1/2023

Broadcom Isn’t Delivering Nvidia-Type Beats. Why You Should Back Its AI Growth Anyway.

Broadcom is seen as a promising semiconductor player for artificial intelligence growth, following in the footsteps of Nvidia.

8/31/2023

Stocks making the biggest moves after hours: Dell, Lululemon and MongoDB

9/21/2023

Broadcom Stock Drops on Rate Fears, But Analysts Still Bullish on Growth from Software and AI