Outperforming the Market by 49% This Year: Is Broadcom the Next NVDA?
This year, semiconductor stocks have outperformed the U.S. stock market.
Since the beginning of the year, this stock has risen by approximately 63.84%, while the $S&P 500(.SPX)$ has gained about 14.75%.
Curious about which stock this is? Let's find out!
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Back to AVGO
Beyond its second-quarter performance, Broadcom has provided guidance for the rest of 2024: management currently expects full-year revenue of approximately $51 billion, representing a 42% year-over-year increase.
In terms of profitability, Broadcom anticipates an EBITDA margin of 61%, translating to an operating profit of $31 billion (excluding depreciation and amortization).
10-for-1 Stock Split
Other highlights from Broadcom's earnings report include the announcement of a 10-for-1 forward stock split. While a stock split does not create economic value, it could boost investor confidence by improving liquidity in options contracts. The stock split will take effect after the close of trading on July 12, 2024.
Could $AVGO be the next NVDA?
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- Bogdanoff·06-18seriously, which idiot is writing these articles.1Report