Broadcom's market value has risen to eighth place in the United States! Wall Street praises: This is the best AI stock besides Nvidia
David墨
发表于 2024-6-18 13:08:14
1229
0
0
What are the most popular stocks in the US stock market right now? Chip manufacturer Broadcom will undoubtedly have a place on the list that everyone has compiled.
The stock price of Broadcom rose sharply by 5.4% again on Monday, closing at $1828.87, continuing to reach a historic high. According to Dow Jones market data, Broadcom's market value has surpassed Lilly for the first time in over two years, becoming the eighth highest company in the United States by market value.
As of Monday's close, Broadcom's market value had reached $851 billion, while Lilly's market value exceeded $841.1 billion. Recently, the market value of Broadcom has hit multiple levels of billions of dollars, almost as simple as "finding something in one's bag" - Broadcom's market value only surpassed 700 billion dollars for the first time last Thursday, and then surpassed 800 billion dollars for the first time last Friday.
According to data from the Dow Jones market, based on current constituent stocks, Broadcom's market value ranking in the S&P 500 index was only 16th a year ago, and 52nd five years ago.
It is undeniable that Broadcom's previous acquisition of virtual machine software company VMware has helped to increase the company's market value. According to FactSet's data, the acquisition completed at the end of last year added approximately $50 billion to Broadcom's market value.
More importantly, undoubtedly, it is the enthusiastic pursuit that Botong is currently receiving in the AI wave. The second quarter financial report released by Broadcom last Wednesday showed that in the second quarter ending May 5th this year, the company's profit per share was $10.96, better than the expected average of $10.80; The company's revenue increased to $12.5 billion, higher than the expected average of $12.1 billion.
Broadcom is one of the latest semiconductor manufacturers to be boosted by the AI craze. Broadcom's main products include Ethernet switching chips, packet processors, ASCI, etc. Its chips are used to power underlying software in the industry. The company stated that in the second quarter, $3.1 billion in sales were related to artificial intelligence products.
Piper Sandler analyst Harsh Kumar wrote over the weekend, "We continue to believe that Broadcom is the best AI themed stock after Nvidia, as the company holds a strong position in the ASIC chip field and has a strong software portfolio."
Ben Reitzes, the head of the technology research team at Melius Research, held a similar view when asked if Broadcom was another AI stock worth pursuing. He wrote that the company's artificial intelligence revenue has increased by 280% compared to the previous year and is continuing to benefit from the massive capital expenditures of its two major clients - Google and Meta.
Yingtou Securities: Broadcom should be listed as one of the "Seven Giants" to replace Tesla
It is worth mentioning that with the decline of Tesla's stock price in the past few months, it has become a drag on the "Big Seven" of the US stock market. The call for whether the title of the "Big Seven" of the US stock market should be re listed has always existed on Wall Street. At a time when Broadcom's market value has entered the top eight of the US stock market, strategists at Interactive Brokers once again expressed similar views in their latest interview this week.
According to statistics, currently only Berkshire is one of the non US technology "Big Seven" companies with a higher market value than Broadcom. As a direct comparison, Tesla's market value is already over 250 billion US dollars lower than Broadcom!
Steve Sosnick, Chief Strategist at Yingtou Securities, believes that Broadcom's rise in 2024 should enable it to replace Tesla among the "Big Seven".
"Broadcom has captured the current market trends, with AI stocks having a stronger component. Although Tesla may also be (AI stocks) in the future, Broadcom is now," Sosnick said in a TV interview on Monday.
Broadcom has surged nearly 62% so far in 2024, while Tesla has fallen nearly 27% due to the low adoption rate of electric vehicles, which has put pressure on Tesla's sales. Due to consumer preference for hybrid vehicles over electric vehicles, traditional car manufacturers have also reduced their plans to expand into this field.
Sosnick pointed out that the current stock market is partially driven by "FOMO" (fear of short selling) - Broadcom is a part of it, while Tesla is currently not.
He said that technology stocks are still the leader in the US stock market this year, with the Nasdaq Composite Index and the S&P 500 Index continuously reaching new highs. As for Broadcom, the company is seeing strong demand due to the ongoing artificial intelligence boom, with customers needing high-capacity chips to drive the complex artificial intelligence applications that the technology industry is pursuing.
Hock Tan, CEO of Broadcom, told investors during last Wednesday's earnings conference call that the company has seen a significant increase in orders from "ultra large scale customers".
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- The latest prediction from the "Wall Street God Operator": The US stock market is expected to fall by 10% in the next 8 weeks, so it is advisable to buy on dips at the right time!
- Nvidia fell 16% in a week! Wall Street analyst: Key bottom may be here
- Wall Street's sharp review of non farm payroll data: pragmatism and hope coexist, kicking the ball to next week's CPI
- 4 trillion financial giants plunged last night! JPMorgan Chase fell more than 7% at one point, CEO warns Wall Street expectations too optimistic
- Wall Street guru warns again: if Harris wins election, I will withdraw funds from the market
- The time for the Federal Reserve to cut interest rates has arrived tonight! Wall Street economists: will usher in an era of dollar depreciation
- Don't get addicted to the 'FED interest rate cut frenzy' for now! Wall Street guru: US stocks will continue to fluctuate before the election
- The call for 6000 points is gradually increasing! Another Wall Street prediction: US stocks are expected to rise another 10% by the end of the year
- Abandon polls! Wall Street analyst: Predicting US beauty pageant stocks is more reliable!
- beyond all expectations! After the Federal Reserve cut interest rates, Wall Street is generally bullish on these stocks
-
9月が終わり、映画・テレビ業界が暗躍している。最近、愛奇芸の創始者でCEOのGONG宇氏は、映画・テレビ業界が長短の変化、AIの変化、中国映画・テレビドラマの海外進出の変化の3つの変化を経験していると発表した。 ...
- 寒郁轩良
- 8 小时前
- 支持
- 反对
- 回复
- 收藏
-
8月のトヨタ自動車(ダイハツ自動車と日野自動車を除く、レクサスを含む)の世界生産台数は前年同月比11.2%減の709571台、世界販売台数は前年同月比3.1%減の826863台だった。 日本本土市場では、トヨタ自動車の8月 ...
- SOGO
- 前天 18:03
- 支持
- 反对
- 回复
- 收藏
-
ネットワーク状況監視サイトDownDetectorによると、オーディオストリーミングプラットフォームSpotifyは日曜日に約3時間にわたる障害を経験した後、正常に回復し、ピーク時には米国の4万人以上のユーザーに影響を与 ...
- hecgdge4
- 12 小时前
- 支持
- 反对
- 回复
- 收藏
-
百済神州(688235.SH)はA株の有名な革新薬企業で、2017-2024年上半期、同社の各期の研究開発投資はA株の化学製薬会社(申万二級)の中で最も高く、研究開発費用は合計600億元を超えた。 しかし、百済神州にとって ...
- wylz8473
- 昨天 18:36
- 支持
- 反对
- 回复
- 收藏