Broadcom (AVGO) stock added to Zacks Rank #1 list, positive earnings estimates, strong growth potential

From Zacks Investment Research: 2025-04-09 20:20:00

Broadcom (AVGO) stock was added to the Zacks Rank #1 list after President Trump temporarily rescinded reciprocal tariffs on many countries outside of China, leading to a +18% surge in shares. The chipmaker stands out with positive earnings estimate revisions and a 20% YTD dip. Broadcom’s expansion in AI chip market and specialization in ASIC chips are driving significant revenue streams, with collaborations with key clients like Microsoft and Apple. Sales for FY25 and FY26 are expected to increase by 21% and 16% respectively, with soaring annual earnings. Despite YTD drop, AVGO stock has impressive historical gains and is currently trading at a discount, with strong growth potential in the ASIC chip market.



Read more at Zacks Investment Research: Time to Buy Broadcom (AVGO) Stock as Markets Rip Higher – April 9, 2025