Broadcom's stock has dropped 6% due to challenges but potential boost expected.

From Nasdaq: 2025-02-28 05:00:00

Semiconductor company Broadcom (NASDAQ: AVGO) has seen a 69% stock market gain in the past year, but recent challenges have caused a 6% drop in 2025. Following a negative report from Chinese AI startup DeepSeek, Broadcom shares fell significantly. However, the upcoming fiscal 2025 first-quarter results could provide a boost. Broadcom’s strong performance is driven by demand for its AI chips, with notable customers including Alphabet, Meta Platforms, and ByteDance. The company’s revenue forecast for Q1 2025 is $14.6 billion, with expected earnings per share of $1.51. The potential for growth in custom AI processors and networking chips makes Broadcom an attractive investment opportunity.



Read more at Nasdaq: Prediction: This Top Artificial Intelligence (AI) Stock Will Start Skyrocketing After March 6