AVGO Jun 2024 1080.000 put
| Previous close | 0.1000 |
| Open | 0.1400 |
| Bid | 0.0000 |
| Ask | 3.9000 |
| Strike | 1,080.00 |
| Expiry date | 2024-06-07 |
| Day's range | 0.1000 - 0.1400 |
| Contract range | N/A |
| Volume | |
| Open interest | 10 |
- Yahoo Finance Video
Broadcom is the 'best AI story' after Nvidia: Analyst
As Broadcom (AVGO) prepares to report earnings next week, Bernstein managing director and senior analyst Stacy Rasgon joins Market Domination to discuss his bull case on the company. Rasgon explains that Broadcom has several different business segments, from semiconductors and software to infrastructure. "They also have what I would call the second-best AI story in the space I think after Nvidia," he adds. He breaks down how Broadcom partners with tech giants like Google (GOOG, GOOGL) and Meta (META), who are making and scaling their own chips. He adds, "[AI] networking, frankly, is just as important as the compute. And they're the 800-pound gorilla there." He explains that Broadcom's current guidance for its AI revenues this year is more than $10 billion, about a third of its overall semiconductor business. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
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