Would not advise buying. Seeing stock price remain where it is. Is cheaper, but not getting growth.
It reports next week. He wants to see around 5% revenue and earnings growth with demand growing as margins hold steady. Watch for guidance about data centre demand. A great way ex-Nividia to play AI.
Good business with steady compounding ability. Asset light business. High cash flow. Actively buying back shares. Paying steady dividend. Returns on invested capital in 30-50% range. Not founder led and founder owned, but very strong business. Would recommend holding as business is able to compound. Very good long term hold.
Prefers this to Nvidia, because its valuation is a lot more reasonable.
Broadcom re-rated like all AI names, trading at 14x PE to start the year and 21x (vs. peers' 25-29x). Yesterday, they raised guidance from 10% AI exposure to 25% or more in 2024. A huge move. Has long owned this. Down 6% today, which is a gift.
Down 6% today, but up 4% yesterday to hit a 42-week high. They are clearly shifting to AI, a positive. They have a solid base to move from. This is a lot cheaper than Nvidia. Likes to own this. Buy it on sale. They beat EPS.
Broadcom Corp. is a OTC stock, trading under the symbol BRCM-Q on the (). It is usually referred to as or BRCM-Q
In the last year, 4 stock analysts published opinions about BRCM-Q. 3 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Broadcom Corp..
Broadcom Corp. was recommended as a Top Pick by on . Read the latest stock experts ratings for Broadcom Corp..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
4 stock analysts on Stockchase covered Broadcom Corp. In the last year. It is a trending stock that is worth watching.
On , Broadcom Corp. (BRCM-Q) stock closed at a price of $.
Recent market sell-off creating buying opportunity. Earnings have been strong, and getting better. A.I. cycle just beginning to start. Fundamental story appears to be getting better (earnings etc.)