Watch These Broadcom Price Levels as Stock Soars on Strong AI Sales Growth

2
Comment
Favorite

Watch These Broadcom Price Levels as Stock Soars on Strong AI Sales Growth

Investopedia12-13

Key Takeaways Broadcom shares surged in extended trading Thursday after the chipmaker reported better-than-expected earnings and issued a rosy outlook amid robust AI-driven sales growth.The stock sits...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2491390422?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-13 11:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2491390422","market":"sg","top_or_hot":-1,"title":"Watch These Broadcom Price Levels as Stock Soars on Strong AI Sales Growth","media":"Investopedia","content":"<div>\n<p>Key Takeaways\nBroadcom shares surged in extended trading Thursday after the chipmaker reported better-than-expected earnings and issued a rosy outlook amid robust AI-driven sales growth.The stock sits...</p>\n\n<a href=\"https://www.investopedia.com/watch-these-broadcom-price-levels-as-stock-soars-on-strong-ai-sales-growth-8760929\">Source Link</a>\n\n</div>\n","source":"investopedia_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Watch These Broadcom Price Levels as Stock Soars on Strong AI Sales Growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWatch These Broadcom Price Levels as Stock Soars on Strong AI Sales Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-13 11:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investopedia.com/watch-these-broadcom-price-levels-as-stock-soars-on-strong-ai-sales-growth-8760929><strong>Investopedia</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key Takeaways\nBroadcom shares surged in extended trading Thursday after the chipmaker reported better-than-expected earnings and issued a rosy outlook amid robust AI-driven sales growth.The stock sits...</p>\n\n<a href=\"https://www.investopedia.com/watch-these-broadcom-price-levels-as-stock-soars-on-strong-ai-sales-growth-8760929\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AVGOP","symbol_name":"BROADCOM INC PFD SER A 22","start_time":0,"source_url":"https://www.investopedia.com/watch-these-broadcom-price-levels-as-stock-soars-on-strong-ai-sales-growth-8760929","article_id":"2491390422","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491390422","pubTimestamp":1734060822,"columns":[],"sourceInfo":{"source_id":"investopedia_highlight","name":"Investopedia"},"weMediaInfo":null,"summary":"Broadcom shares surged in extended trading Thursday after the chipmaker reported better-than-expected earnings and issued a rosy outlook amid robust AI-driven sales growth.The stock sits poised to break out from a ascending triangle on Friday, setting the stage for a continuation of the stock's longer-term uptrend.The bars pattern tool, which extracts the stock’s trend higher from December 2023 to June this year and repositions it from the ascending triangle’s top trendline, forecasts an upside target of around $315.Investors should watch key support levels on Broadcom's chart during pullbacks near $185 and $140.Broadcom  shares surged in extended trading Thursday after the chipmaker reported better-than-expected earnings and issued a rosy outlook amid robust AI-driven sales growth.The company said its fiscal 2024 AI revenue more than tripled, driven by its AI XPUs and Ethernet networking portfolio. After-hours gains accelerated after CEO Hock Tan told analysts on the company’s earning","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"AVGOP":"BROADCOM INC PFD SER A 22","AVGO":"博通"},"translate_title":"随着人工智能销售强劲增长，股价飙升，请关注博通的价格水平","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AVGO":1,"AVGOP":1},"content_text":"Key Takeaways\nBroadcom shares surged in extended trading Thursday after the chipmaker reported better-than-expected earnings and issued a rosy outlook amid robust AI-driven sales growth.The stock sits poised to break out from a ascending triangle on Friday, setting the stage for a continuation of the stock's longer-term uptrend.The bars pattern tool, which extracts the stock’s trend higher from December 2023 to June this year and repositions it from the ascending triangle’s top trendline, forecasts an upside target of around $315.Investors should watch key support levels on Broadcom's chart during pullbacks near $185 and $140.\n Broadcom (AVGO) shares surged in extended trading Thursday after the chipmaker reported better-than-expected earnings and issued a rosy outlook amid robust AI-driven sales growth.\n\n\n The company said its fiscal 2024 AI revenue more than tripled, driven by its AI XPUs and Ethernet networking portfolio. After-hours gains accelerated after CEO Hock Tan told analysts on the company’s earnings call that he anticipates significant AI opportunities over the next three years, adding that he sees accelerators and networking sales in fiscal 2027 ranging between $60 billion and $90 billion.\n\n\n Through Thursday's close, Broadcom shares had gained 64% since the start of the year. The stock rose 14% to around $206 in extended trading.\n\n\n Below, we break down the technicals on Broadcom’s weekly chart and identify key price levels worth watching out for.\n\n\n  Ascending Triangle Breakout  \n Broadcom shares have consolidated within an ascending triangle since mid June, a chart pattern that signals a continuation of the stock’s longer-term uptrend.\n\n\n Indeed, the price sits poised to break out above the formation’s top trendline on Friday, setting the stage for further upside.\n\n\n Moreover, the relative strength index (RSI) gives a reading just above 50, confirming bullish momentum and indicating the shares have ample room to test higher prices as they move into price discovery.\n\n\n Let’s apply technical analysis to forecast a potential upside price target and also identify two key support levels that would likely attract buying interest during retracements.\n\n\n  Bars Pattern Upside Price Target  \n To forecast an upside target in the stock, investors can use the bars pattern tool, which analyzes prior trends to help predict future directional moves.\n\n\n When applying the tool to Broadcom's chart, we extract the stock’s trend higher from December 2023 to June this year and reposition it from the ascending triangle’s top trendline. This projects a longer-term upside target of around $315. \n\n\n We selected this prior move as it commenced following a decisive earnings-driven jump above a continuation pattern on the chart in December last year, similar price action to what looks likely after the company’s latest quarterly report. \n\n\n  Key Support Levels to Watch During Pullbacks  \n During pullbacks, investors should initially watch how the price reacts to the $185 level. This location on the chart would likely attract buying interest near the ascending triangle’s top trendline, which may flip from an area of prior resistance into future support.\n\n\n Selling below this level could see Broadcom shares revisit lower support around $140, an area where investors may seek buying opportunities near a horizontal line that connects a series of comparable trading activity on the chart between February and September.\n\n\n The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info.\n\n\n As of the date this article was written, the author does not own any of the above securities.\n\nDo you have a news tip for Investopedia reporters? Please email us at\ntips@investopedia.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}