Broadcom's diverse portfolio, strong AI revenue growth, and transition to subscription service show promise.

From NASDAQ.: 2024-08-31 11:19:00

Broadcom, known for its history of acquisitions, has a diverse business portfolio spanning semiconductor and software solutions following major deals like buying VMware and Brocade. With strong AI revenue growth projected to continue, analysts forecast its earnings per share to rise from $4.75 this fiscal year to $8.59 by fiscal 2027. The stock could potentially reach around $430 based on earnings growth. The company is also transitioning VMware’s software products to a subscription service, showing long-term promise. However, other businesses have faced challenges due to cyclical weakness in certain sectors. BVGO’s potential for growth in networking solutions, customized chips, and a rebound in commoditized businesses make it an intriguing investment option for the future.



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