Data is the currency that keeps Wall Street running. The only problem for investors is the amount of data they have to digest can sometimes be overwhelming, which can allow something of importance to go unnoticed.
Broadcom (AVGO 2.25%) stock is moving higher Wednesday amid some bullish momentum for the broader market and a major valuation milestone for another player in the artificial intelligence (AI) space. The company's share price was up 2.2% as of 12:40 p.m.
All eyes are on Nvidia Corp (NASDAQ: NVDA) this morning as the artificial intelligence giant continued to extend gains and become the world's first $4.0 trillion company. However, a senior JPMorgan analyst is all praise for a different chip stock instead.
I see a 50-60% chance of a recession in the next 12–24 months, so portfolio preparation is essential. I recommend the iShares Gold Trust Micro as a low-cost gold ETF that has outperformed during recent uncertainty and can hedge against downturns. I also like the iShares Core Dividend Growth ETF for its quality holdings, solid dividend growth, and resilience in volatile markets.
The company is well-positioned to benefit from the strong demand for custom AI accelerators and networking solutions. Successful VMware integration and cost-cutting have boosted margins, diversified revenue, and enhanced Broadcom's resilience to semiconductor cycles. Another key catalyst is that the company is expected to benefit from inference demand in addition to training.
Cyberattacks are a global problem that is just going to get worse as the world becomes more interconnected. Through malware, ransomware, phishing attacks, denial-of-service attacks, and identify theft, threats from cyberattacks are a daily fact of life.
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