Ensure You Hold Broadcom Stocks by July 11 to Participate in the Stock Split.

Broadcom (NASDAQ:AVGO), a semiconductor giant with a strong focus on artificial intelligence (AI) technology, has recently seen its stock price soar to levels that are out of reach for many retail investors. This has been attributed to the high demand for AI applications and the advanced technology needed to support them. In response to this accessibility issue, Broadcom announced a 10-for-1 stock split, scheduled to take place on July 12. This move is expected to make owning AVGO shares more accessible to a wider range of investors.

The stock split will allow shareholders to receive nine additional shares for every one they own, as long as they own AVGO shares by the close of business on July 11. While participating in the split itself does not result in increased wealth, it does provide an opportunity for retail investors to own shares of a company that is at the forefront of the AI technology sector. Analysts predict that the AI industry could be worth $1.3 trillion by 2032, further supporting Broadcom’s position in the market.

Looking ahead, analysts also anticipate strong earnings growth for Broadcom, with earnings per share expected to reach $47.55 on revenue of $47.4 billion by the end of the fiscal year. This represents a significant increase from last year’s earnings per share of $42.25 on sales of $35.82 billion. With these positive projections in mind, AVGO shares may be considered reasonably priced given the company’s expanding business and the potential growth of the AI sector.

Overall, Broadcom’s stock split is seen as a positive development that will lower the financial threshold for retail investors who are interested in owning shares of a company with strong ties to AI technology. This move, along with the projected growth of the AI industry and Broadcom’s strong financial performance, may attract increased demand from retail investors looking to participate in the company’s future success.

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https://investorplace.com/2024/07/want-to-participate-in-the-broadcom-stock-split-make-sure-you-hold-by-july-11/