Investing Tip Of The Day? AVGO -- April 28, 2024

Locator: 47083INV.

Link here.

Current market cap: $600 billion.

Analysts: the next member of the trillion-dollar club. 

From the linked article:

Semiconductor and technology company Broadcom has seen its stock gain ~122% over the past year, triggered by the AI boom. In comparison, AI powerhouse Nvidia (NASDAQ:NVDA) has seen its stock price gain 220%. This raises the question: can Broadcom emulate Nvidia’s success and potentially join the $1 trillion market cap club? The answer appears to be yes. Given its attractive AI product offerings, solid business fundamentals, and relatively low valuation, I will buy AVGO stock at its current price.

P/E: 50.One-year comparison with AMD? AVGO did better. AMD's P/E: 300. No typo. 300.

Reminder: I am inappropriately exuberant about the US economy and the US market, I am also inappropriately exuberant about all things Apple.

See disclaimer. This is not an investment site.

Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.

Reminder: I am inappropriately exuberant about the US economy and the US market, I am also inappropriately exuberant about all things Apple.