Could This New Chip Be a Game Changer for Broadcom Stock?
Key takeaways
- AVGO NVDA Shares of custom chipmaker Broadcom (NASDAQ: AVGO) have been under pressure of late.
- The company, however, did announce a new custom chip that could lead to some exciting growth opportunities ahead for the business, focused on inference.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
AVGO NVDA Shares of custom chipmaker Broadcom (NASDAQ: AVGO) have been under pressure of late. They're up about 8% for the year, but it wasn't all that long ago that the stock was flying much higher, at nearly $500. As of Monday's close, however, it was at just $372 -- down 25% from its recent high.
The company, however, did announce a new custom chip that could lead to some exciting growth opportunities ahead for the business, focused on inference. Could this be the catalyst that could lift the tech stock to new heights?
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 »