Broadcom announced a 10-for-1 stock split, following Nvidia’s lead. Stock splits are gaining popularity to attract shareholders. Broadcom focuses on innovation and outsourcing chip designs. The company’s revenue split between infrastructure software and semiconductor solutions bodes well for its shareholders. In its latest earnings report, Broadcom exceeded EPS estimates and reported increased non-GAAP net income and free cash flow. Despite cybersecurity competition, restructuring efforts post Symantec acquisition are projected to offset costs. VMware’s multi-cloud push is expected to drive demand for data centers and AI networks. Broadcom stocks are above all-time highs and analysts predict an average price target of $1,886.43 per share. Given expected growth in the cybersecurity and AI infrastructure markets, the future seems promising for Broadcom.
Disclaimer: The author does not hold any positions in the securities mentioned in the article.
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https://tokenist.com/will-broadcoms-10-for-1-split-offer-a-boost-for-the-stock/
