The Latest Breaking News from AVGO

Marvell Technology (NASDAQ:MRVL) stock has plunged 34% year-to-date, lagging behind the Nasdaq 100 Index, which Marvell is a part of, by nearly 9% during the period. The index’s gain reflects the upside of key constituents such as Nvidia (NASDAQ:NVDA), Microsoft (NASDAQ:MSFT), Apple (NASDAQ:AAPL) and other Big Tech giants, including Broadcom…

Thanks to another strong showing for its second-quarter earnings report, semiconductor giant Broadcom Inc. (NASDAQ:AVGO) has been one of the strongest performers among major publicly traded tech firms. On a year-to-date basis, AVGO stock has gained nearly 19%. Since the close of April 4, however, the security has nearly doubled…

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HSBC raised its price target on Broadcom stock to $400. But AVGO shares, at current levels, are not particularly inexpensive to own.

The demand for Broadcom’s AI chips continues to surge, providing a strong tailwind for its semiconductor division.

Broadcom is both a growth and income stock, making it an excellent addition to a balanced portfolio.

The top three AI stocks in the IVES ETF include Microsoft, Nvidia, and Broadcom. Should you own these top AI stocks right now?

Broadcom produced strong free cash flow and higher FCF margins. Fiscal Q2 FCF was almost 43% of revenue, its highest margin. ABGO stock is worth $328 per share, +35% more, using an FCF yield valuation method.

Broadcom stock sinks after reporting a strong Q2 but roughly in-line guidance for the current quarter. Analysts recommend buying AVGO shares on the dip.