Broadcom stock outperforms Dow Jones, gains 23.9% in past 3 months

From Nasdaq: 2025-02-28 11:28:31

Broadcom Inc. (AVGO) is a leading technology company with a market cap of $998.1 billion, specializing in semiconductor devices for various industries including cloud computing and 5G. Despite slipping from its 52-week high, AVGO stock gained 23.9% in the past three months, outperforming the Dow Jones Industrials Average.

With a 52.6% climb over the past year, Broadcom’s AI revenue has surged over 220% in 2024, reaching $12.2 billion. AVGO unveiled its PCIe Gen 6 portfolio and collaborated with industry leaders like Micron Technology, Inc. (MU) and Teledyne LeCroy to offer validated PCIe Gen 6 building blocks for AI platforms.

AVGO reported Q4 results exceeding Wall Street expectations, with adjusted EPS of $1.42 and revenue of $14.05 billion. Wall Street analysts have a consensus “Strong Buy” rating on AVGO, with a mean price target of $249.83 suggesting a 26.3% potential upside from current levels. Advanced Micro Devices, Inc. (AMD) shares lagged behind AVGO.



Read more at Nasdaq: Is Broadcom Stock Outperforming the Dow?