{ }
Symbol AVGO
Name Broadcom Inc.
Currency USD
Sector Information Technology
IndustryGroup Semiconductors & Semiconductor Equipment
Industry Semiconductors & Semiconductor Equipment
Market NASDAQ Global Select
Country United States
State CA
City San Jose
Zipcode 95131-2313
Website http://www.broadcom.com
Asian shares fell on Monday following disappointing economic data from China, with retail sales slowing and factory output growth flat. Meanwhile, bitcoin surged to new highs, surpassing $106,000, driven by optimism over a lighter regulatory approach under U.S. President-elect Donald Trump. In the stock market, Japan's Nikkei 225 dipped 0.1%, while Hong Kong's Hang Seng lost 0.8%. The S&P 500 ended nearly flat, marking its first weekly loss after three consecutive gains, despite a significant rise in Broadcom's shares following strong earnings.
The last full week of the year is set to be eventful, with the Fed's anticipated 25 basis point rate cut on Wednesday likely to influence market sentiment, though it is already priced in. The US markets showed mixed signals on Friday, with the Dow slightly down and the Nasdaq up. Key economic data, including the producer and import price index for November, will be released this week, alongside international PMI figures.
U.S. stocks ended mixed, with the Nasdaq Composite gaining 0.12% while the S&P 500 remained flat and the Dow lost 0.2%. Broadcom's shares surged 24%, pushing it into the trillion-dollar market cap club. As market predictions falter, strategists remain cautious amid inflation concerns and geopolitical tensions.
U.S. stock index futures showed little movement ahead of a Federal Reserve meeting this week, as investors await guidance on interest rates amid persistent inflation. The Fed is expected to cut rates by 100 bps in 2024, but analysts predict a slower pace of future cuts due to resilient labor market conditions.Despite recent cautious trading, Wall Street remains close to record highs, driven by technology stocks and positive earnings from chipmakers. However, concerns over high interest rates in the coming years have tempered gains following Trump's election victory.
Dow Jones, S&P 500, and Nasdaq futures will open Sunday evening, with the final Federal Reserve meeting of 2024 scheduled for Dec. 17-18, where a quarter-point rate cut is expected. The stock market had a mixed week, with the Nasdaq slightly up, driven by gains in Alphabet, Tesla, and Broadcom, while Nvidia lagged amid rising Treasury yields. Palantir, MicroStrategy, and Axon Enterprise will join the Nasdaq 100 index, replacing Moderna, Super Micro Computer, and Illumina.
TSMC, Broadcom, and AMD are positioned as strong long-term investments in the semiconductor market, with TSMC expected to grow revenue by nearly 30% in 2024, driven by AI demand. Broadcom's AI chip sales surged, while AMD anticipates significant growth as the PC market stabilizes. Analysts project robust earnings growth for all three companies, highlighting their resilience amid market fluctuations.
Wall Street strategists predict continued gains for the S&P 500 in 2025, driven by solid economic growth, consumer resilience, and potential rate cuts from the Fed. However, concerns loom over Trump's tariff policies possibly igniting trade wars and inflation, while the tech sector's reliance on AI investments raises questions about returns on capital. The outlook remains cautiously optimistic, hinging on the interplay of these key factors.
Stocks opened higher but closed mixed as rising Treasury yields dampened early enthusiasm. The Dow fell 0.2% for its seventh consecutive loss, while the Nasdaq gained 0.1%, buoyed by Broadcom's 24.4% surge after strong earnings and a dividend hike. RH and Costco also reported solid earnings, with RH stock up 17% and Costco rising 0.1%.
Stocks ended little changed on Friday, with the S&P 500 and Dow posting weekly losses, marking the Dow's longest losing streak since February 2020. Broadcom surged 24% to surpass a $1 trillion market cap, driven by a bullish AI sales forecast, while Tesla hit a record high. The Dow struggled amid a significant drop in UnitedHealth shares following the CEO's fatal shooting, as economic data suggests a potential rate cut from the Federal Reserve next week.
US stocks showed mixed results on Friday, with the Dow marking a seven-day losing streak while the Nasdaq gained, driven by a strong earnings report from Broadcom. Investors are bracing for the Federal Reserve's interest rate decision next week amid rising yields and various economic data releases, including retail sales and GDP revisions. The 10-year Treasury yield increased to 4.400%, while oil prices rose and gold saw a decline.

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.