Added to YB: 2024-12-18
Pitch date: 2024-12-17
AVGO [bullish]
Broadcom Inc.
+41.14%
current return
Author Info
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Company Info
Broadcom Inc. designs, develops, and supplies various semiconductor devices and infrastructure software solutions internationally.
Market Cap
$1.6T
Pitch Price
$236.63
Price Target
N/A
Dividend
0.78%
EV/EBITDA
46.37
P/E
69.92
EV/Sales
25.54
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Why Is $AVGO Stock Up 40% This Week?
AVGO: AI surge drives 220% FY24 revenue growth to $12.2B, 60% CAGR through 2027. Custom XPUs, Ethernet products essential for hyperscalers. VMware acquisition triples software revenue to $21.5B. Forward P/E 40x justified by leadership in AI infrastructure and partnerships with $AMZN, $GOOGL. Agentic AI to boost demand further.
Read full article (2 min)