Broadcom introduces stock split to attract investors, positioned for growth in AI industry

From Yahoo Finance: 2024-07-04 06:40:00

Artificial intelligence (AI) stocks, like Nvidia, have surged in popularity since OpenAI’s ChatGPT release. Nvidia introduced a stock split as a way to attract more investors, while Broadcom (AVGO) emerges as another intriguing AI stock split opportunity, focusing on custom chip solutions tailored for clients. With ties to major players like Alphabet and Bytedance, Broadcom offers cost and power advantages in the AI industry. Additionally, Broadcom’s diversified business model, including non-AI growth drivers like VMware, provides stability and growth potential. Despite its recent stock split announcement, Broadcom remains a favorable investment with a forward P/E ratio lower than industry alternatives.



Read more at Yahoo Finance: This Stock-Split AI Stock Could Be a Better Buy