The Latest Breaking News from AVGO

Despite the ever-expanding list of tech layoffs due to macroeconomic headwinds, a few fundamentally strong businesses are well-positioned to maintain their growth trajectory in the foreseeable future. Therefore, loading up on stocks of three such wonderful businesses, AbbVie (ABBV), Broadcom (AVGO), and Verizon (VZ), available at fair prices, could set…

While the Fed’s aggressive rate hikes this year have led to inflation colling in recent months, it is far beyond the Fed’s target rate. Moreover, amid mounting layoffs and recessionary concerns in the economy, it could be wise to invest in fundamentally strong stocks Broadcom (AVGO), Fortinet (FTNT), and Advanced…

The semiconductor industry is geared for massive growth in the foreseeable future with increasing chip usage across all sectors. Furthermore, supportive federal investments should boost the industry’s growth. Given the industry’s long-term growth prospects, it could be wise to buy fundamentally sound chip stocks Taiwan Semiconductor (TSM), Broadcom (AVGO), and…

Although the semiconductor industry is currently struggling with demand headwinds, its long-term prospects look bright. Moreover, lucrative federal investments are expected to boost the industry further. Therefore, investors could consider buying fundamentally sound semiconductor stocks Broadcom (AVGO) and STMicroelectronics (STM). Keep reading….

The chip industry should witness a solid growth trajectory in the coming years despite the ongoing macroeconomic and geo-political disruptions. Moreover, increased government assistance should help this industry secure a stable supply chain. While chip giant NVIDIA (NVDA) has been soaring over the past month, other popular stocks, Taiwan Semiconductor…

Broadcom (AVGO) shares have been on a downtrend this year amid the broader tech selloff. However, Wall Street analysts are bullish on its near-term prospects, given its solid fundamentals. They see a more than 45% upside potential in the stock. Therefore, investors might consider buying and holding AVGO for big-time…

The semiconductor industry is currently witnessing a slowdown in demand due to rising inflation and the Fed’s monetary policy tightening, leading to several chip stocks slumping in price. However, lucrative government investments and a growing chip market should drive the industry’s long-term growth. So, we think investors could consider buying…

Tech giant Microsoft (MSFT) has missed the consensus revenue and earnings estimates in its last reported quarter. Moreover, despite plunging more than 25% year-to-date amid the tech rout, the stock is still trading at a stretched valuation. Instead, VMware (VMW) is well-placed to benefit from its strategic partnerships and diversified…

Advanced Micro Devices (AMD) has lowered its revenue guidance for the third quarter, and its shares have declined more than 55% year-to-date. So, instead of AMD, it could be wise to invest in semiconductor stock Broadcom (AVGO), which is well positioned to survive market volatility better. Read on….