Semiconductor stock Broadcom Inc (NASDAQ:AVGO) is up 6.2% to trade at $163.62 ahead of the open, after announcing a massive $10 billion share repurchase program authorized through year-end.
Broadcom Inc (NASDAQ:AVGO, ETR:1YD) announced that its Board of Directors has approved an up to $10 billion share repurchase program. The buyback program allows Broadcom to repurchase shares using various methods, such as open market purchases or private transactions until December 31, 2025.
Technology stocks have taken a big beating in recent months as the Trump administration's policies have led investors to press the panic button amid concerns that the tariff-fueled global trade war could hurt the U.S. economy and may even send it into a recession.
Bloomberg Intelligence analysts identified 50 watchable firms for 2025, focusing on catalysts like leadership changes, acquisitions, and new products, with emphasis on AI and electric vehicles. Sixteen of the 35 dividend-paying companies are deemed "safer" with free cash flow yields exceeding dividend yields, including HSBC, China Hongqiao, and ITV. Analysts forecast net gains between 30.99% to...
PALO ALTO, Calif. , April 7, 2025 /PRNewswire/ -- Broadcom Inc. (Nasdaq: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced that its Board of Directors has authorized a new share repurchase program to repurchase up to $10 billion of its common stock through December 31, 2025.
There is one name synonymous with the artificial intelligence (AI) revolution in the computer and technology sector. NVIDIA Corp. NASDAQ: NVDA commands over 92% of the graphic processing unit (GPU) market, making it the leading company benefiting from the surge in AI infrastructure demand.
Broadcom is an unbelievable business with multiple billion-dollar segments, tremendous margins, and significant financial resources. The recent selloff in AVGO stock represents a historic opportunity to climb aboard this long-term opportunity. While the valuation still appears somewhat premium, we'd argue that this is ultimately one of the better prices to get involved.
StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.