Broadcom Stock News

Prediction: These 2 Stocks Will Be Worth More Than Tesla in the Next 5 Years

Chipmaker and software specialist Broadcom continues to generate robust growth, fueling the next generation of artificial intelligence.

Broadcom's FY2024 AI revenue is projected to surpass $12 billion, driven by surging demand and strategic partnerships. VMware added $3.8 billion to Q3 revenue, doubling infrastructure software contributions and diversifying Broadcom's income streams. Trump 2.0 proposes a 60% China tariff, potentially disrupting 32% of Broadcom's revenue tied to Chinese markets.

Broadcom is priced the same as other strong-performing AI stocks.

PALO ALTO, Calif. , Nov. 12, 2024 /PRNewswire/ -- Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced it will report its fourth quarter and fiscal year 2024 financial results and business outlook on Thursday, December 12, 2024 after the close of the market.

ChatGPT developer OpenAI had initially planned on building a global network of foundries to produce AI chips but has instead opted to work with several companies in the computer and technology sector. Like Amazon.com Inc. NASDAQ: AMZN and Alphabet Inc. NASDAQ: GOOGL Google, OpenAI also aspires to produce its own AI chips in an effort to reduce its reliance on NVIDIA Co. NASDAQ: NVDA.

ChatGPT developer OpenAI had initially planned on building a global network of foundries to produce AI chips but has instead opted to work with several companies in the computer and technology sector. Like Amazon.com Inc. NASDAQ: AMZN and Alphabet Inc. NASDAQ: GOOGL Google, OpenAI also aspires to produce its own AI chips in an effort to reduce its reliance on NVIDIA Co. NASDAQ: NVDA.

While Griffin has notably added to his hedge fund's stake in hotshot artificial intelligence (AI) stocks Palantir and Broadcom, his fund slashed its position in the company that's the face of the AI revolution.