Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

A Translation Guide To Progressive Slavespeak

June 30, 2025

Homebuyers still have down payment misconceptions

June 30, 2025

Dry weather pushes up UK food inflation as harvests suffer

June 30, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Monday, June 30
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Stock Market»Broadcom Sales Growth Soaring | Investor’s Business Daily
Stock Market

Broadcom Sales Growth Soaring | Investor’s Business Daily

September 11, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Artificial intelligence-chip maker Broadcom (AVGO) is a standout at a time when companies of all stripes are struggling to recover from the recent market retreat. On Wednesday, the Relative Strength (RS) Rating for Broadcom stock got an upgrade from 88 to 91.




↑
X




NOW PLAYING
How To Find The Best IPO Stocks



Magnificent Seven stock Nvidia (NVDA) is the king of AI processors that run systems implementing artificial intelligence. But Broadcom is a leader in custom chips that companies also need to implement all the power that AI brings to data centers, networks and even connected devices like smartphones.

Broadcom Among Top 9% Of Stocks

The upgraded 91 RS Rating shows that Broadcom is among the top 9% of stocks for price performance over the past year. Market research shows that the market’s biggest winners typically have an RS Rating of over 80 at the beginning of a new climb.


Here Are 3 Keys For Successful Stock Investing


Broadcom stock is working on a consolidation with a 185.16 entry. That is also its all-time intraday high, set on June 18. As it consolidated after the new high, Broadcom dropped to 128.50 on Aug. 5. It turned up then and traded around 155 Wednesday afternoon, up nearly 5% for the day and more than 13% for the week.

See if Broadcom stock can clear the breakout price in heavy trade. Keep in mind that it’s a later-stage consolidation. Those can perform well but entail more risk than earlier stage patterns.

Earnings grew 18% last quarter to $1.24 per share, up from 7% growth in the prior report. Revenue growth rose every quarter over the past year. Last quarter Broadcom reported a 47% jump to $13.07 billion. In the prior three stanzas Broadcom’s sales grew 4%, 34% and 43%.

Revenue Seen Popping 51% This Quarter

Consensus of analysts polled by FactSet is for earnings to rise 26% this quarter on a 51% leap in revenue.

Palo Alto, Calif.-based Broadcom has a strong 92 EPS Rating out of 99 and an even stronger 94 Composite Rating, a rating that combines IBD’s five other key ratings. The best growth stocks typically have a 90 or higher Composite.

Broadcom stock earns the No. 2 rank among its peers in the Electronics-Semiconductor Fabless industry group. Cirrus Logic (CRUS) is the top-ranked stock in the group.

IBD’s unique Relative Strength Rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price movement over the trailing 52 weeks compares to all the other stocks in our database.

Please follow James DeTar on X, formerly known as Twitter, @JimDeTar 

RELATED:

Chip Stocks To Watch And Semiconductor Industry News

IBD Live: A Good Tool For Daily Stock Market Analysis

Which Stocks Are Showing Improved Technical Action?

See Stocks On The List Of Market Leaders With IBD Leaderboard

Ready To Grow Your Investing Skills? Join An IBD Meetup Group!

Broadcom Business Daily growth investors sales Soaring
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

How to Pay Yourself From Your Business the Smart Way

June 28, 2025

Tesla’s retail investors stung by massive lawsuit barrier — will it end up hurting the stock?

June 25, 2025

Free vs. Paid Accounting Software: What’s Best for Your Business?

June 24, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

US approves sale to Israel of $20 billion weapons package By Reuters

August 17, 20240 Views

Worried about a market bubble? Here are 4 tips to protect your portfolio now and in the future

February 18, 20250 Views

Blockchain ID platforms could shift airdrops from risky to valuable

September 6, 20240 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Economic News

A Translation Guide To Progressive Slavespeak

June 30, 20250
Real Estate

Homebuyers still have down payment misconceptions

June 30, 20250
Economic News

Dry weather pushes up UK food inflation as harvests suffer

June 30, 20250
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.