Broadcom jumps 11%, extending record run as Goldman expresses 'higher conviction' [MSNBC.com]
Broadcom Inc. (AVGO)
Last broadcom inc. earnings: 3/12 04:15 pm
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Source: MSNBC.com
Aftertopping $1 trillion in market capBroadcom'sThe latest rally was spurred by Broadcom's better-than-expected earnings report late Thursday, and an uplifting outlook for the first quarter. Broadcom, which sells semiconductors and infrastructure software, is seeing soaring demand from the boom in generativeartificial intelligenceGoldman Sachspurchase of VMware"We now have even higher conviction on the company's forward revenue and earnings growth outlook," the analysts wrote in a report dated Dec. 15.Barclays raised its priced target on the stock to $205 from $200, while Truist raised its call to $260 from $245.Broadcom shares are now up 126% for the year, closing at $250 on Monday.NvidiaBroadcom refers to its custom AI accelerators as XPUs, which are different than the GPUs Nvidia sells. Broadcom said it doubled shipments of XPUs in the quarter to "our three hyperscale customers." The company does not name the customers, but analysts say the three areMetaAlphabet
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AVGO
News
- Broadcom Inc. (NASDAQ: AVGO) had its price target raised by analysts at Morgan Stanley from $233.00 to $265.00. They now have an "overweight" rating on the stock.MarketBeat
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AVGO
Earnings
- 12/12/24 - Beat
AVGO
Sec Filings
- 12/20/24 - Form 10-K
- 12/20/24 - Form 144
- 12/19/24 - Form 4
- AVGO's page on the SEC website