AVGO241220C222500
- 27.60
- +20.20+272.97%
Broadcom Newsroom
Wall Street's darling changes hands? The chip giants diverge: Broadcom rises over 11% to reach a new high, while NVIDIA falls into the correction zone.
Despite the lack of support from NVIDIA, on Monday, the Nasdaq Composite Index still reached a historic high. On the same day, other semiconductor stocks also performed well. Micron Technology rose over 5% ahead of its upcoming quarterly Earnings Reports, peaking at over 8% during the session. Marvell Technology increased by 3.3%.
Morgan Stanley's in-depth analysis of the Industry Chain for ASICs: Who are the big winners?
Morgan Stanley believes that although NVIDIA's GPUs have a clear performance advantage, the initial cost of ASICs is lower, making them particularly suitable for budget-constrained Cloud Computing Service providers. Broadcom, Semiconductor Manufacturing International Corporation, and Socionext are viewed as Bullish. Cadence Design Systems, Taiwan Semiconductor, and their supply chain partners will benefit from the rapid growth in ASIC design and manufacturing.
Broadcom surged 38% in two days, and funds are beginning to layout this type of ETF against the trend.
Gelonghui, December 17 | Today, the A-share market fluctuated upwards, and high-position stocks continued to retreat. The Copper cable high-speed connectors and optical modules performed well, with Accelink Technologies, Eoptolink Technology Inc., and Zhongji Innolight all rising over 5%. In the U.S. stock market, leading chip stocks showed a mixed performance, with Broadcom surging 38% in two days, while NVIDIA weakened. In terms of news, Broadcom's AI revenue is expected to grow by 220% in fiscal year 2024, and AI product revenue is anticipated to increase by 65% year-on-year in the first fiscal quarter of 2025, currently developing AI chips in collaboration with three major clients. The market predicts that dedicated chips represented by ASIC may gradually replace GPU-represented chips.
Broadcom CEO Sounds Alarm on Crucial Shift in AI-chip Market
From NVIDIA to Broadcom, a "paradigm shift" in the AI Industry.
As AI large models transition from the pre-training phase to the logical reasoning phase, dedicated chips represented by ASICs may gradually replace general-purpose chips represented by GPUs, becoming the "new favorite" of major AI companies. Analysis suggests that if Broadcom's CEO's predictions about the ASIC market are accurate, the AI Business related to Broadcom's ASICs is expected to achieve annual growth of doubling over the next three years.
Major bank rating丨Goldman Sachs: Raises Broadcom's Target Price to $240, increasing confidence in its outlook.
Glory Financial reported on December 17 that Goldman Sachs has raised Broadcom's 12-month Target Price from $190 to $240, being Bullish on Broadcom's potential for more customized chip major clients. Broadcom acquired VMware for $61 billion last year, and the company's management has revealed its execution status, with the firm stating greater confidence in the company's future revenue and profit growth prospects.
Express News | CITIC SEC: The process of ASIC + Ethernet is accelerating, and attention is on the development opportunities for domestic manufacturers.
Leading the U.S. stock market into a long bull run, chip stocks are expected to continue to "surge" next year.
BofA's "top chip stocks" for 2025 have been announced, including NVIDIA, Broadcom, and Marvell Technology.
Express News | China Securities Co.,Ltd.: Focus on the opportunities of edge AI and the industrial changes brought about by ASIC.
Top 20 by transaction amount | Apple, Google, and Amazon have all reached historical highs! Broadcom continues its upward trend, rising over 11%.
On Monday, Micron, ranked 13th in US stock trading volume, rose by 5.62%, with a trading value of 4.631 billion USD; SoundHound AI, ranked 16th among AI software stocks, increased by 16.44%, with a trading volume of 3.184 billion USD; Super Micro Computer, ranked 20th, fell by 8.26%, with a trading value of 2.768 billion USD.
U.S. stock market closing | The three major indexes had mixed results, with the Nasdaq increasing over 1% to reach a new high, while the Dow Jones fell for the eighth consecutive day; Broadcom surged over 11%, and Tesla rose over 6%, both reaching histori
The Dow Jones Industrial Average has recorded its longest losing streak since 2018; NVIDIA fell over 1%, marking its third consecutive decline; MicroStrategy, which was added to the Nasdaq 100 index, surged over 7% intraday before reversing to a loss, and Super Micro Computer, which was removed from the index, closed down over 8%. Chinese concept stocks fell over 2%.
Time to Buy the Post-Earnings Rally in Broadcom (AVGO) Stock?
Tech Advances as Broadcom Surges - Tech Roundup
Driven by AI, stock prices have risen for two consecutive days, reaching a new high. Several institutions on Wall Street have raised the Target Price for Broadcom (AVGO.US).
Broadcom's stock price has risen again by over 11%, closing at 250 dollars.
Broadcom Is Having Its Own 'Nvidia Moment' as Stock Swells Further
Broadcom Options Spot-On: On December 16th, 1.21 Million Contracts Were Traded, With 2.59 Million Open Interest
On December 16th ET, $Broadcom(AVGO.US)$ had active options trading, with a total trading volume of 1.21 million options for the day, of which put options accounted for 36.91% of the total
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