From NASDAQ: 2025-03-21 05:00:00

Zacks Investment Ideas feature highlights Broadcom Inc. (AVGO), Meta (META), and Nvidia (NVDA). Broadcom saw 77% AI sales growth in Q1 FY25, quadrupling the tech sector in the past decade. AVGO briefly hit a $1 trillion market cap and is down 25% from its peaks after a post-earnings surge. With massive AI upside and long-term growth potential, now may be a great time to buy Broadcom.

Broadcom’s semiconductor solutions are vital in various sectors like telecommunications, smartphones, and data centers. AVGO acquired VMware in 2023 to enhance its software portfolio. Broadcom collaborates with tech giants like Meta to design application-specific integrated circuits. AVGO works with AI hyperscalers and expects to generate significant revenue in the coming years.

Broadcom reported a 77% growth in AI sales in Q1 FY25, boosting total revenue and EPS. AVGO expects continued strength in AI semiconductor revenue in Q2 and projects 20% revenue growth in FY25. The company’s beat-and-raise performance earned it a Zacks Rank #2 (Buy) and positive earnings outlook for the future.

Broadcom shares have surged over 9,000% in the past 15 years, outperforming most tech stocks. AVGO is down nearly 25% from its December peaks, offering a potential buying opportunity. The stock has cooled off after a rapid rise and is currently finding support at key technical levels. With a strong growth outlook and dividend payout, Broadcom remains an attractive investment option.



Read more at NASDAQ: Zacks Investment Ideas feature highlights: Broadcom, Meta and Nvidia