Broadcom's Opportunity In The AI Revolution: Why Investors Should Take Notice [Seeking Alpha]
HP Inc. (HPQ)
Last hp inc. earnings: 2/24 04:05 pm
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Source: Seeking Alpha
The company has a massive opportunity in the AI industry, with generative AI potentially becoming a $1 trillion opportunity by 2032. Broadcom's valuation is steep according to most traditional metrics, but its forward PEG ratio suggests that the market may be undervaluing the stock. Broadcom AVGO ) was up 104% in 2023, one of the bigger beneficiaries of the Artificial Intelligence ("AI") revolution. However, investors were not enthused after the company released its first-quarter earnings report, showing management's annual FY 2024 revenue forecast of $50 billion was below analysts' estimates of $50.2 billion. Although the company's FY 2024 estimates would be approximately 40% above ("FY") 2023 results, a vast acceleration over FY 2023 year-over-year annual revenue growth of around 8%, analysts and investors appear to have wanted to see more growth. The stock dropped 7% after the company released earnings on March 7. On March 15, the stock closed at its lowest point post-earnings
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HPQ
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- 2/28/24 - In-Line
HPQ
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- 4/25/24 - Form 8-K
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- HPQ's page on the SEC website