From Nasdaq:

Today’s Research Daily features new research reports on Meta Platforms, Inc. (META), Broadcom Inc. (AVGO), and Verizon Communications Inc. (VZ). Meta Platform has outperformed the Zacks Internet – Software industry over the past six months (+19.7% vs. +9.7%) and is leveraging AI to recommend Reels content, which is driving traffic on Instagram and Facebook. Additionally, it has experienced increased engagement for its offerings like Instagram, WhatsApp, Messenger, and Facebook. Advertising revenues are expected to witness a CAGR of 13% per our model estimate. However, challenging macroeconomic conditions remain a headwind for Meta’s advertising revenues. Shares of Broadcom have outperformed the Zacks Electronics – Semiconductors industry over the past year (+86.1% vs. +77.2%). The company is benefiting from strong deployment of generative AI, which it expects to contribute more than 25% of semiconductor revenues in fiscal 2024. Infrastructure software revenues are expected to be $20 billion while semiconductor solutions revenues are expected to increase. Verizon involves significant 5G adoption and fixed wireless broadband momentum. Macroeconomic challenges are impeding the top line. Initiatives to change its revenue mix toward emerging growth services like cloud, security, and professional services will likely reap long-term benefits. Micromedia juxtaposition appear to be impeding Verizon’s ability to focus on widespread 5G adoption and revenue generation.



Read more: Top Research Reports for Meta Platforms, Broadcom & Verizon