Broadcom Stock Drops After Strong Earnings -- Time to Buy?
Key takeaways
- AVGO NVDA INTC AMD Few artificial intelligence (AI) semiconductor stocks have had a better run than Broadcom (NASDAQ: AVGO) during this current bull market.
- Broadcom stock dropped about 15% in the first quarter due to its high valuation and concerns about margin compression heading into the year.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
AVGO NVDA INTC AMD Few artificial intelligence (AI) semiconductor stocks have had a better run than Broadcom (NASDAQ: AVGO) during this current bull market. The stock has posted an average annualized return of 67% over the past three years, which stacks up favorably with Nvidia, Intel, Advanced Micro Devices, and other leading chipmakers.
Broadcom stock dropped about 15% in the first quarter due to its high valuation and concerns about margin compression heading into the year.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »