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Stock impact report

Broadcom's stock has doubled in a year. These factors could send it even higher. [MarketWatch]

Broadcom Inc. (AVGO) 
Last broadcom inc. earnings: 3/12 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.broadcom.com
Company Research Source: MarketWatch
Broadcom Inc. shares have surged more than 100% in the past year as the chip company has shown Wall Street that it's picking up its artificial-intelligence spending. And the stock could head even higher thanks to three potential catalysts, according to Deutsche Bank analyst Ross Seymore. While there are more AI spoils yet to come, Seymore said, Broadcom AVGO, could also benefit from its recently closed VMware acquisition and see its cyclical business units recover. Broadcom's custom-silicon business is critical for consumer-focused AI applications like search and social networking, and Seymore noted that the company just picked up a third major customer in addition to Alphabet Inc. GOOG, GOOGL, and Meta Platforms Inc. META, which are thought to be its two primary ones currently. (He did not identify the new major customer.) Advertisement See also: Look out, Super Micro — Dell is gaining steam, and its stock could keep soaring “These customer wins/relationships are the resul Show less Read more
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