While tech giants like NVDA and META often steal the spotlight in the AI race, Broadcom (AVGO) is proving why it deserves just as much attention. The semiconductor powerhouse is well-positioned to capitalize on the booming AI market, as evidenced by its latest earnings report. The company reported $12.2 billion in AI revenue for [...]
While all eyes are on stocks like NVDA, META, GOOG, and other companies staking their claims in the AI race, not enough emphasis has been placed on Broadcom (AVGO). The semiconductor and infrastructure manufacturer is well positioned to profit from this emerging technology. In fact, the company delivered second-quarter results yesterday and reported $3.1 [...]
This morning, Apple (AAPL) and Broadcom (AVGO) announced a multibillion-dollar deal between the two companies. Apple will rely on Broadcom to produce its 5G radio frequency components right here in the US. In 2021, Apple announced its intention to invest $430 billion in the U.S. economy, amidst backlash of overseas production. CEO Tim Cook [...]
