Broadcom Broadcom AVGO $1.41 0.62% 25% IBD Stock Analysis Stock with support at 21-day after big earnings gap AVGO trying to break short downtrend near 237 Volume running above average Composite Rating Industry Group Ranking Emerging Pattern Double Bottom * Not real-time data. All data shown was captured at 11:25AM EST on 01/16/2025. Broadcom (AVGO)…
Taiwan Semiconductor Manufacturing (TSM), the world’s largest contract chipmaker, on Thursday beat analyst estimates for the fourth quarter, thanks to strong sales of advanced chips for artificial intelligence applications. TSM stock jumped on the news. ↑ X NOW PLAYING This Method Helps Find Stocks That Outperform The Market Over Years The company, better known as…
Spotify Technology (SPOT) stock approached a buy point on Wednesday after three Wall Street analysts raised their price targets on the streaming music leader. On Wednesday, Deutsche Bank and UBS upped their price targets on buy-rated Spotify stock. Guggenheim Securities increased its price target on Spotify on Tuesday. ↑ X NOW PLAYING Indexes Jump On…
The news media is too focused on small moves in Nvidia (NVDA) stock when it should be considering longer-term trends, a Wall Street analyst says. “Does it feel like the press/media talk and write about the daily stock moves in Nvidia a wee bit too much? Like they believe there is always some new story…
AppLovin AppLovin APP $19.54 6.13% 2% IBD Stock Analysis Stock finding support at 21-day Possible buy point at Thursday’s 331 high Composite Rating Industry Group Ranking Emerging Pattern Consolidation * Not real-time data. All data shown was captured at 12:03PM EST on 12/20/2024. AppLovin (APP) is the IBD Stock Of The Day as the app…
Investment bank Morgan Stanley on Friday issued a bullish report on artificial intelligence chipmakers, calling Nvidia (NVDA) stock a top pick for 2025. The firm also raised its price targets on AI chip stocks Astera Labs (ALAB), Broadcom (AVGO) and Marvell Technology (MRVL), all of which it rates as overweight, or buy. It kept its…
Nvidia (NVDA) stock fell Monday after an analyst said the AI chipmaker is “experiencing severe thermal issues” with some power chips used in its latest server systems for artificial intelligence. TF International Securities analyst Ming-Chi Kuo said Nvidia is having problems with DrMOS chips from Alpha & Omega Semiconductor (AOSL). Nvidia is testing those chips…
AI continues to rule the technology roost. Artificial intelligence standout Broadcom (AVGO) soared 24.4% Friday to its latest all-time high. That won Broadcom, an Nvidia rival, a spot on two of IBD’s best stock watchlists, the flagship IBD 50 and Big Cap 20. Additionally, other top-rated stocks also earned a spot on various IBD watchlists…
Broadcom (AVGO) stock rocketed Friday after the fabless chipmaker and infrastructure software provider forecast surging AI chip sales over the next three years. On a conference call with analysts to discuss fiscal fourth-quarter results, Chief Executive Hock Tan said Broadcom’s market opportunity for artificial intelligence chips and related connectivity chips could reach $60 billion to…
Broadcom (AVGO) late Thursday delivered roughly in-line results for its fiscal fourth quarter, helped by strong sales of AI processors and networking chips. Its outlook also matched analyst estimates. Broadcom stock rose in extended trading. The fabless chipmaker and infrastructure software provider earned an adjusted $1.42 a share on sales of $14.05 billion in the…