Broadcom Ltd is a global technology company that designs, develops, and supplies a wide range of semiconductor and infrastructure software solutions. The company specializes in producing chips that facilitate communication and data processing across various devices and networks, including those used in smartphones, enterprise storage systems, broadband access, and data centers. Additionally, Broadcom offers software solutions that enable businesses to optimize their operations, manage network security, and enhance performance across cloud-based and on-premises environments. Through its comprehensive portfolio, Broadcom plays a critical role in advancing connectivity and computing technologies in various industries. Read More
Qualcomm has underperformed the market, with 6% YTD returns compared to PHLX Semiconductor's 13%. The company is facing challenges in the mobile device market but is aiming for growth through AI and partnerships with other companies.
A new price target places Broadcom's upside at nearly 20%. Networking could help facilitate a rally — raising AVGO's chance of luring new custom-AI chip buyers.
The MicroSectors Solactive FANG Innovation 3x Leveraged ETN is a great way to pump up the performance of the market's most popular and best-performing stocks ... maybe.
Broadcom (AVGO) is a major player in the ASIC market, with a strong focus on high-performance computing, networking, and storage applications. The stock has surged 63% in 3 months and is expected to see continued growth in AI revenue.
BROADCOM INC (AVGO) meets Minervini’s Trend Template with strong technicals and high growth fundamentals, making it a candidate for momentum investors.
