Reported 8 months ago
Broadcom stock has increased by over 60% in 2024, following a 10-for-1 stock split announcement. With a focus on AI infrastructure technology, Broadcom is in a strong position due to its strategic acquisitions and efficient chip design. Despite a high debt of $74 billion from acquiring VMware, Broadcom's profitability and growth potential remain promising, with a reasonable 44 times trailing-12-month free cash flow valuation. Investors are advised to monitor VMware integration and debt repayment progress for the rest of 2024.
Source: YAHOO