Broadcom (AVGO -4.38%) stock has seen impressive gains of 96% over the past year, and the semiconductor giant is expected to continue its strong momentum after beating consensus estimates for revenue and earnings in the second quarter of fiscal year 2024. Additionally, the company announced a 10-for-1 stock split, set to take effect on July … Read more
Broadcom recently announced a 10-for-1 stock split alongside its earnings release, showing growth in its software and AI product segments. The stock split, effective July 12, will not change the company’s value of around $780 billion. While a stock split may make shares more accessible, it does not alter a company’s fundamentals like earnings or … Read more
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Broadcom recently announced a 10-for-1 stock split, which will take effect in July. Although the split won’t make shares more affordable, it will make options cheaper to trade and help the company pay stock-based compensation. Despite this, investors should focus on four reasons why Broadcom remains an attractive long-term investment. First, Broadcom’s expansion strategy is … Read more
Broadcom’s stock prices soared to record highs after the chipmaker’s revenue surged in the second quarter of fiscal 2024, with a 43% year-over-year increase to $12.5 billion. The company’s AI and software segments led the way, with AI revenue spiking 280% to $3.1 billion and infrastructure software revenue surging 175% to $5.3 billion. However, server … Read more
Semiconductor company NVIDIA recently executed a 10-for-1 stock split, opening the door to more investors who may not have been able to afford the high share price prior to the split. Since the split, the stock has risen more than 10%, with smaller investors potentially contributing to the gain. Following suit, Broadcom, another semiconductor stock … Read more
Broadcom (NASDAQ:AVGO) has seen a significant increase in its stock prices following the announcement of higher revenue in the chipmaker’s fiscal second quarter and the decision to carry out a stock split. The company’s shares have more than doubled in value in the last year. In the second quarter of fiscal year 2024, which ended … Read more
Artificial intelligence (AI) has been a driving force behind the revenue and stock price growth of many technology companies recently. Investors are turning to companies benefiting from the AI boom, with analysts predicting the current $200 billion AI market could reach $1 trillion by the end of the decade. One such company benefiting from this … Read more
In recent news, there have been several significant developments in the tech and business world. Chipotle announced a stock split, which is expected to make shares more accessible to investors. The popular fast-food chain has been performing well in the market, and this move is seen as a way to further boost its growth. On … Read more
Broadcom Inc. (AVGO) recently announced a ten-for-one stock split, set to take effect on July 15. This move aims to increase accessibility to Broadcom shares for investors and employees. The split does not change the company’s fundamental value but boosts trading activity and opens up opportunities for a wider investor base. In the second quarter … Read more