Broadcom Inc. ($AVGO) Stock Forecast: Up 20.9% Today

What is Broadcom Inc.?

Broadcom Inc. (AVGO) is a leading technology company known for its semiconductor and infrastructure software solutions. Today, the stock experienced a strong bullish movement in the market.

Why is Broadcom Inc. going up?

AVGO stock is up 20.9% on Dec 13, 2024 18:40

• Strong fourth-quarter results and an increased dividend were key factors in Broadcom's stock surge.
• Analysts see Broadcom's leadership in AI chips as a challenge to competitors like Nvidia and Marvell, boosting investor confidence.
• The company's market cap exceeding $1 trillion for the first time contributed to the positive market response.
• Broadcom's substantial role in Apple's 2025 chip transition for wireless connections underscores its ongoing relevance and growth opportunities in the tech sector.

AVGO Price Chart

AVGO Technical Analysis

AVGO News

Broadcom's AI Chip Leadership Puts Pressure on Nvidia and Marvell, Analysts Say - Broadcom ( NASDAQ:AVGO )

Broadcom Inc AVGO stock surged Friday after it reported better-than-expected fourth-quarter adjusted EPS results and raised its quarterly common stock dividend. The company reported a topline of $14.05 billion, up from $9.3 billion, compared to the analyst estimate of $14.57 billion.

https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42489281/broadcoms-ai-chip-leadership-puts-pressure-on-nvidia-and-marvell-analysts-say

Broadcom Posts Strong Results, Joins RH, Upstart And Other Big Stocks Moving Higher On Friday - ASP Isotopes ( NASDAQ:ASPI ) , AirJoule Technologies ( NASDAQ:AIRJ )

U.S. stocks were lower, with the Dow Jones index falling around 90 points on Friday. Shares of Broadcom Inc. AVGO rose sharply during Friday's session after the company posted better-than-expected earnings for its fourth quarter.

https://www.benzinga.com/news/24/12/42488452/broadcom-posts-strong-results-joins-rh-upstart-and-other-big-stocks-moving-higher-on-friday

Apple's 2025 Chip Transition Targets New Wireless Edge, Broadcom To Retain Key Role - Apple ( NASDAQ:AAPL ) , Broadcom ( NASDAQ:AVGO )

Apple Inc's AAPL upcoming switch to in-house chips for Bluetooth and Wi-Fi connections from 2025 will likely impact its partner Broadcom Inc AVGO. The Wi-Fi and Bluetooth chips will enable Apple devices to go online via wireless networks, pair with headphones, and more.

https://www.benzinga.com/24/12/42487128/apples-2025-chip-transition-targets-new-wireless-edge-broadcom-to-retain-key-role

Broadcom stock jumps 21%, pushing company past $1 trillion market cap for the first time

Shares of Broadcom popped more than 21% Friday, pushing the company's market cap beyond $1 trillion for the first time.

https://www.cnbc.com/2024/12/13/broadcom-stock-jumps-21percent-pushing-company-past-1-trillion-market-cap-for-the-first-time.html

Nvidia, AMD, Taiwan Semi Gain As Broadcom's Q4 Performance Sparks Sector-Wide Surge - NVIDIA ( NASDAQ:NVDA ) , Taiwan Semiconductor ( NYSE:TSM )

Chip stocks, including Nvidia Corp NVDA, Advanced Micro Devices, Inc AMD, Marvell Technology, Inc MRVL, Micron Technology, Inc MU, Taiwan Semiconductor Manufacturing Co TSM, and Arm Holdings plc ARM, are trading higher Friday in sympathy with Broadcom Inc AVGO, bearing testimony to the ...

https://www.benzinga.com/24/12/42484676/nvidia-amd-taiwan-semi-and-other-chip-stocks-gain-as-broadcoms-q4-sparks-sector-wide-surge

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Broadcom Inc. Price History

06.11.2024 - AVGO Stock was up 5.0%

• Broadcom's expansion of its AI portfolio with the introduction of F2F 3.5D XPU technology has caught the attention of investors, contributing to the bullish surge in the stock.
• The surge in options activity, with 60% of traders showing bullish tendencies, indicates growing optimism and confidence in Broadcom's future prospects.
• The launch of Broadcom's innovative 3.5D eXtreme Dimension System in Package (XDSiP) technology, specifically the industry's first Face-to-Face (F2F) 3.5D XPU, has likely fueled excitement and positive sentiment among investors.
• Overall, Broadcom's strategic advancements in AI technology and strong market positioning have propelled the stock to a bullish trajectory, attracting both investors and speculators alike.

15.10.2024 - AVGO Stock was down 5.2%

• Despite positive sentiments from analysts and investors with a bullish stance on Broadcom, the stock saw a steep decline of -1.59%.
• The overall market movement may have influenced AVGO's decline, as it fell more steeply than the broader market.
• While AVGO's strong portfolio and growth prospects remain intact, external factors or profit-taking behavior could have contributed to today's bearish trend.
• It's possible that investors reacted to broader market conditions or specific news impacting AVGO, leading to the downward movement despite its positive long-term outlook in the AI chip market.

06.08.2024 - AVGO Stock was down 10.9%

• AVGO posted impressive Q3 earnings and revenues, exceeding expectations and demonstrating strong market performance.
• Despite the favorable financial results, AVGO saw a decline in its shares following a cautious Q4 guidance, hinting at potential uncertainties regarding future performance.
• Analysts are positive about AVGO's prospects, particularly in the AI sector, which could lead to growth opportunities in the future.
• The overall decline in semiconductor stocks, including AVGO, could be attributed to sector-wide trends and market conditions affecting the industry.

06.08.2024 - AVGO Stock was down 10.1%

• Strong Q3 earnings surpassed expectations in both earnings and revenue.
• Despite the impressive performance, AVGO's stock price declined following a conservative Q4 outlook.
• An analyst raised AVGO's AI revenue forecast, anticipating increased demand from technology leaders such as Google and Meta.
• Market volatility, possibly influenced by contrasting sentiments, likely stemmed from the company's cautious Q4 guidance despite an impressive Q3 showing.

13.11.2024 - AVGO Stock was up 20.9%

• Strong fourth-quarter results and an increased dividend were key factors in Broadcom's stock surge.
• Analysts see Broadcom's leadership in AI chips as a challenge to competitors like Nvidia and Marvell, boosting investor confidence.
• The company's market cap exceeding $1 trillion for the first time contributed to the positive market response.
• Broadcom's substantial role in Apple's 2025 chip transition for wireless connections underscores its ongoing relevance and growth opportunities in the tech sector.

13.11.2024 - AVGO Stock was up 20.3%

• AVGO stock saw a substantial increase today, climbing more than 14.4% in premarket trading.
• The rise in AVGO's stock price was driven by a quadruple growth in AI chip sales, resulting in a 44% revenue surge to a record $51.6 billion in 2024.
• CEO Hock Tan's positive expectations for the company's role in artificial intelligence, emphasizing significant opportunities in the coming three years, added to investor confidence.
• Speculation about Apple moving towards internal Bluetooth and Wi-fi chips for the iPhone may have influenced AVGO's upward trend, suggesting potential changes in the semiconductor industry and potentially benefiting established companies like Broadcom.

13.11.2024 - AVGO Stock was up 21.5%

• Broadcom's stock surged over 21%, propelling the company's market cap above $1 trillion for the first time, reflecting strong investor confidence in the company's performance and future prospects.
• The positive performance of Broadcom had a ripple effect on other chip stocks like Nvidia, AMD, and Taiwan Semiconductor, leading to a sector-wide surge as investors showed renewed interest in the semiconductor industry.
• Analysts are optimistic about a semiconductor supercycle, citing reasons such as robust forward expectations, healthy balance sheets, and technical breakouts, which further fueled the bullish sentiment towards Broadcom and its peers.
• Despite some warnings about potential tech stock collapses in the sector, Broadcom defied expectations with a 4x surge in AI chip sales, driving a 44% revenue growth to a record $51.6 billion in 2024, indicating strong momentum and market demand for its products.

10.08.2024 - AVGO Stock was up 5.1%

• AVGO's positive revenue growth and exceeding market expectations in the third-quarter earnings contributed to the bullish movement.
• Despite a slight dip in share price earlier due to revenue outlook concerns, investors seem to have regained confidence in AVGO's performance.
• The overall positive sentiment towards AVGO could be attributed to its significant role in the new AI era.
• The bearish trend in semiconductor ETFs, including Nvidia and AMD, did not seem to impact AVGO's performance, indicating the company's resilience in the market.

12.08.2024 - AVGO Stock was up 8.5%

• Broadcom reported a strong quarter with revenue beating analyst estimates, signaling positive growth.
• The announcement of a dividend hike along with positive revenue growth further boosted investor confidence in AVGO.
• Despite falling short on semiconductor solutions, the company's overall performance and role in the AI era were well-received by investors.
• The selloff in Broadcom shares due to a less impressive revenue outlook may have created a buying opportunity for investors looking to capitalize on the dip in AVGO stock.

31.09.2024 - AVGO Stock was down 5.5%

• AVGO stock showed strong bearish movements on the most recent trading day.
• The chip stocks market, which includes AVGO, Nvidia, Taiwan Semiconductor, and Micron, declined along with Advanced Micro Devices (AMD).
• Despite a recent Power Inflow alert signifying significant trading activity, AVGO couldn't resist the overall downturn in the semiconductor sector.
• The collaboration with OpenAI for AI interface chip development may have positive long-term outcomes, but negative short-term market sentiment and industry trends influenced AVGO's bearish movement.

11.11.2024 - AVGO Stock was up 6.7%

• The collaboration with Apple on AI chip development could have boosted investor confidence in AVGO's future prospects.
• The launch of Bitnami Premium and partnership with Arrow Electronics may have contributed to positive market sentiment.
• Analysts predicting upside potential for AVGO based on its AI pipeline, market recovery, and synergy with VMware could have attracted more investors to the stock.
• Despite some bearish options market dynamics, overall positive news and forecasts seem to have outweighed any negative sentiment, driving AVGO's bullish movement today.

11.11.2024 - AVGO Stock was up 5.0%

• Collaboration with Apple on AI chip development may have boosted investor optimism for AVGO stock.
• The launch of Bitnami Premium and partnership with Arrow Electronics could have positively influenced investor confidence in Broadcom's growth.
• Analysts foresee upside potential for Broadcom due to its AI pipeline and market recovery.
• Despite concerns in the options market, overall positive sentiments on Broadcom's AI lineup and upcoming earnings report have led to the stock's bullish performance.