Pinkspider
2024-12-13

. $AVGO Broadcom Shares were up 13% after the bell. Broadcom is 14% of Nancy Pelosi's stock portfolio. They reported strong Q4 FY24 results with an adjusted EPS of $1.42 (est. $1.39) and adjusted revenue of $14.05B (est. $14.08B), a 51% YoY increase. AI revenue soared 220% YoY to $12.2B for FY24, reflecting demand for AI XPUs and networking solutions. Q1 FY25 guidance projects revenue of $14.6B (est. $14.55B), up 22% YoY, and adjusted EBITDA at 66% of revenue. CEO Hock Tan emphasized record FY24 revenue of $51.6B (up 44% YoY) driven by AI growth and VMware integration, with semiconductor and infrastructure software revenues rising 7% and 181% YoY, respectively. The company raised its quarterly dividend by 11% to $0.59/share

Broadcom $1 Trln! Another Star in Semiconductor Sector?
Broadcom released a better-than-expected Q4 earnings report, with profits exceeding expectations and AI revenue more than doubling this year. Even more surprising, the CEO revealed that Broadcom is working with three major cloud customers to develop custom AI chips. This unexpected news caused Broadcom's stock to surge over 15% in after-hours trading. Analysts believe that the AI hype in 2025 may shift from chips to AI applications. ----------- Is the future of AI in chips or software applications? Will Broadcom surge more in the year end? What's your target price?
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