Reported about 1 year ago
Following Nvidia's 10-for-1 stock split, which led to a 10% share value after the split, Broadcom is now planning a similar move with a 10-for-1 stock split taking effect on July 15. Broadcom has seen a 60% rise in 2024 and is experiencing strong revenue growth, driven by AI and crucial networking technology that enables communication among server components. The recent acquisition of VMware has also been a significant boost. However, Broadcom's high debt-to-equity ratio poses a potential risk in an uncertain market. Despite this, Broadcom remains a compelling choice in the AI industry.
Source: YAHOO