Broadcom (AVGO) is one of the unsung heroes of the semiconductor revolution of the last decade. But the stock is up sixfold since the bear market lows of 2022 and is just up over 35% this month following another strong earnings report.

And one place where the stock is never ignored is Zacks Investment Research. I’ll highlight recent coverage of this major player in semiconductor networking, from the data center to the smartphone.

Broadcom reported its fiscal 2024 fourth quarter (ended in October) on December 12, giving investors renewed confidence in broad enterprise demand for its comprehensive suite of solutions.

Broadcom’s revenue rose 51% year over year to $14 billion, while profit rose 28%. Revenue growth was driven by strong demand for AI semiconductor solutions, custom AI accelerators (XPUs) and VMware cloud networks.

My colleague Ethan Feller provided more details here…

Broadcom beats earnings estimates as AI revenue triples

Since he wrote this article the day after earnings, analysts were once again forced to raise AVGO’s earnings estimates for this year and next, keeping the stock consistently in the upper reaches of the Zacks Rank.

Another colleague, Tracey Ryniec, who manages the Value Investor and Insider Trader portfolios, bought AVGO shares for nearly $81 in September 2023. When I last looked at stock prices near $240 on Friday, it showed it was making a 195% profit for its customers.

In this October episode of the MarketEdge podcast, hear Tracy lay out the bull case for AVGO and other key semi-players…

Should you buy semiconductor stocks now?

Finally, I can’t do better to praise Broadcom than to share the excellent views and research of two other colleagues.

Dave Bartosiak, manager of the Blockchain Innovators and Surprise Trader portfolios, recently offered this provocative chart video…

Is Broadcom a better stock than NVIDIA?

And Andrew Rocco, manager of the Technology Innovators portfolio, has written a good strategy overview as he considers the role of semiconductors in any growth-oriented portfolio…

The Semiconductor Supercycle: 5 Reasons to Stay Optimistic

If you can’t find reasons to be long-term bullish on AVGO after these strategists lay out their views, semi/AI trading is probably not for you.

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Broadcom Inc. (AVGO): Free Stock Analysis Report

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