Michael Dell Ranks Among World's 10 Richest—For First Time—After VMware Sale To Broadcom [Forbes]
Broadcom Inc. (AVGO)
Last broadcom inc. earnings: 3/12 04:15 pm
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Source: Forbes
and Monday thanks to a bump in Broadcom stock that made him one of the 10 richest people in the world for the first time. Michael Dell at SXSW on March 14, 2024 in Austin, Texas. SXSW Conference & Festivals via Getty Images Key Facts Dell was worth $120.3 billion Monday, more than his estimated net worth of $106.3 billion at the end of the day Thursday and $115.4 billion on Friday. The increase in his wealth puts him at No. 10 on Forbes' list of billionaires, with a net worth surpassing that of fashion retailer Amancio Ortega ($119.4 billion), Nvidia co-founder Jensen Huang ($114.4 billion), Walmart's Rob and Jim Walton ($113.7 billion and $112.4 billion, respectively) and Bill Gates ($107 billion). The bump comes after an uptick in Broadcom stock that saw shares rise on Friday—pushing its market cap past $1 trillion for the first time—and another 10% rise on Monday following reports of a 51% year-over-year revenue increase for the fourth quarter. Dell owns 22.2 million
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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