Key Details
Price
$231.84Last Dividend
$0.59Annual ROE
12.86%Beta
2.32Events Calendar
Next earnings date:
Mar 07, 2025Recent quarterly earnings:
Dec 12, 2024Recent annual earnings:
Dec 12, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Dec 23, 2024Next split:
N/ARecent split:
July 15, 2024Analyst ratings
Recent major analysts updates
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Artificial intelligence (AI) has opened up significant possibilities for tech companies, allowing them to develop new products and services. According to Goldman Sachs, businesses are expected to invest $1 trillion in generative AI in the coming years to stay competitive. Broadcom (NASDAQ: AVGO) is a key player in the AI sector, as its application-specific integrated circuits (ASICs) are widely used in AI data center infrastructure.
Last year, AI became very popular and played a big role in the market's recovery. We can expect even more developments in the future.
Artificial intelligence (AI) has opened up significant possibilities for tech companies, allowing them to develop new products and services. According to Goldman Sachs, businesses are expected to invest $1 trillion in generative AI in the coming years to stay competitive.
Today, all major market indexes went down, with the Dow Jones Industrial Average dropping by 600 points at one point before recovering some losses. The S&P 500 and Nasdaq Composite also fell this morning but were less than 1% down by 12:04 p.m. ET. Additionally, shares of chipmakers Broadcom and Micron Technology both decreased by 2.7%.
Broadcom and Super Micro Computer in the Box have been recognized as Zacks' Bull and Bear of the Day.
Tech companies such as UI, NVDA, AVGO, and CLS are gaining from improvements in AI, increased use of cloud services, rising IT budgets, reduced inflation effects, and strong business strategies.
The stock market had an impressive year in 2024, with much of the growth driven by the "Magnificent Seven" stocks, which include major tech and AI companies. Now that the Magnificent Seven have expanded to the Fateful Eight, will these stocks continue to support the market in 2025?
Artificial intelligence (AI) is an emerging technology that offers great potential for long-term investments. However, it's important to remember that not all AI stocks are risky or focused on rapid growth.
The global market for artificial intelligence is expected to reach trillions of dollars in the next few years, making these leading semiconductor stocks potentially profitable investments by 2025.
Among chip stocks, these three are notable for their strong market presence. With the ongoing competition in AI among major tech companies, their top positions could lead to significant gains in their stock prices in 2024.
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