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3 Big Reasons to Love Broadcom (AVGO)
Broadcom currently trades at $381.47 and has been a dream stock for shareholders. It's returned 702% since July 2021, blowing past the S&P 500's 68.3% gain. The company has also beaten the index over the past six months as its stock price is up 14.6% thanks to its solid quarterly results.
Is now still a good time to buy AVGO? Or are investors being too optimistic? Find out in our full research report, it's free.
Originally the semiconductor division of Hewlett Packard, Broadcom (NASDAQ:AVGO) is a semiconductor conglomerate spanning wireless communications, networking, and data storage as well as infrastructure software focused on mainframes and cybersecurity.
Broadcom: Why The Google Share Panic Misses What Broadcom's Moat Actually Is
Broadcom Inc. (AVGO) has for a while now benefited from the trends amongst hyperscalers of building their own accelerator rather than buying a merchant graphics processing unit (GPU).
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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The Broadcom Trade Is A Bet On The Market You Already Own, Amplified
Its five-year record is its own story, but its correlation says much of what you would be buying is the same market you already hold, dialed up.
Broadcom (AVGO) just did the one thing that pulls sideline money in: it rose about 3% over the past five trading days while the S&P 500 slipped 0.6%. Standing out while the broad market drifts lower is exactly the kind of relative strength that makes you want to chase it. Before you do, the question that decides what this stock does to your wealth is not where it heads over the next few days but how much of Broadcom’s return is its own story versus the same market you already own through an index fund.
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