This Is Not Broadcom’s ‘Nvidia Moment’ Yet [Forbes]
Broadcom Inc. (AVGO)
Last broadcom inc. earnings: 3/12 04:15 pm
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Source: Forbes
Q4 was not the blowout report the market made it out to be, as Broadcom fell just short of revenue estimates while guiding Q1 barely above consensus. Despite this, the market did solidify that momentum continues to build for AI stocks entering 2025. Broadcom's commentary on the call as to the serviceable addressable market for its two leading AI segments, custom silicon and networking, is why the stock moved a whopping 25%. As a reminder, a serviceable addressable market refers to market size the company can service, and is not a forecast of the company's revenue. While Broadcom gave investors a reason to dream, it's not the stock's ‘Nvidia moment' despite the surge in the stock price resembling Nvidia's 2023 breakout. Instead, Broadcom is reporting flat QoQ AI revenue with the 200% year-over-year number being old news (Broadcom had guided for $12B in AI revenue in Q3 and only marginally beat that figure). CHINA - 2023/11/03: In this photo illustration, the American developer, man
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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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- Why This AI Company Could Be the Best Stock-Split Buy Heading Into 2025 [Yahoo! Finance]Yahoo! Finance
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