The Latest Breaking News from AVGO

As part of its quarterly earnings release, Broadcom raised its dividend by 10%.

In the face of a huge sell-off in Broadcom, Wall Street analysts are expressing bullishness, with price targets moving up significantly.

The major stock market indexes do not yet reflect the bullish tendencies of sector rotation and broadening participation.

Broadcom beat on sales, adjusted EPS, and guidance in its latest earnings release. Despite shares trading down, the AI growth is moving up precipitously.

The S&P 500 Index ($SPX ) (SPY ) today is down up +0.05%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +1.25%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -0.52%. Stock indexes are mixed today, with the Nasdaq 100 falling to...

December S&P 500 E-Mini futures (ESZ25) are down -0.35%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -0.65% this morning as Oracle rekindled worries about the massive spending tied to artificial intelligence, overshadowing optimism over the Federal Reserve’s latest interest-rate cut.

Dividends are a great way to build up a passive income stream, but growing distributions is key. These firms have the potential to do just that.

Broadcom is a megacap tech stock that is gaining traction in the AI segment, making it a top investment to pick up before the new year.

The AI infrastructure build-out has not yet peaked. In fact, AI cap ex spending is accelerating, said Ben Powell, chief investment strategist for APAC at the BlackRock Investment Institute.