Broadcom is the poor man's Nvidia: Strategist
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- Опубліковано 29 вер 2024
- Artificial Intelligence. A groundbreaking innovation for humanity that has seemingly seeped into every conversation across a wide range of companies. With so much buzz around this topic, how are investors supposed to sift through what is useful and what is fluff? Nancy Tengler, Laffer Tengler Investments CEO & CIO joins Yahoo Finance to breakdown two stocks that have Wall Street talking: Broadcom (AVGO) and Interpublic Group of Companies (IPG).
Tengler gives extensive insight to both companies, commenting that Broadcom has recently received a debt rating upgrade from S&P Global, shows strong capital return, with dividend increases to shareholders, and are actively expanding company exposure to AI. IPG, on the other hand, seems more defensive on AI, with a weak 2024 revenue outlook, and concerns about organic revenue growth, Tengler argues.
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I started buying Broadcom shares 5 years ago when it was around $200. It's now $1,280. I don't feel like a poor man.
I own 7 shares of nvidia.. & only 1 share of broadcom … hardly poor man’s play
Poor man’s Nvidia? How when AVGO costs more than Nvidia??
market cap
you don't think Broadcom will compete?! SMH
I dont see Broadcom as AI stock. I only see how Apple would like to get rid of Broadcom.
Apple can't even make 4g / 5g modems even after buying the entire IBM development team since the iPhone 7 disaster. No way Apple can create their own chips better than Broadcom without stepping on existing patents. If Apple wants to make something memory and storage would be the easiest.
Broadcom AI area of interest is in their semiconductor solutions for the likes of Google, Meta, and Amazon which do not want to get heavily dependent on NVDIA. They also provide high speed communication solutions for data transfers, which is critical to AI applications due to the amount of data processing needed. Their acquisition of VMWare will also provide synergies for the cloud + AI ecosystem.
both are great
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