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Following this sale, Low Check Kian holds 113,050 shares of Broadcom (NASDAQ:AVGO), including 1,890 restricted stock units. The share count has been adjusted to reflect a ten-for-one forward split of Broadcom's common stock, which took effect after market close on July 12, 2024. The company has maintained its position as a dividend aristocrat, raising dividends for 15 consecutive years. For deeper insights into Broadcom's valuation and 18 additional key investment tips, visit InvestingPro. The company has maintained its position as a dividend aristocrat, raising dividends for 15 consecutive years. For deeper insights into Broadcom's valuation and 18 additional key investment tips, visit InvestingPro.
Following this sale, Low Check Kian holds 113,050 shares of Broadcom, including 1,890 restricted stock units. The share count has been adjusted to reflect a ten-for-one forward split of Broadcom's common stock, which took effect after market close on July 12, 2024.
In other recent news, Nvidia (NASDAQ:NVDA) and Broadcom have seen positive developments in their AI sectors. Nvidia's partner, Foxconn (SS:601138), reported a 15% revenue increase due to sustained demand for AI infrastructure, which has positively influenced Nvidia's shares. On the other hand, Broadcom's AI revenue forecasts for fiscal years 2026 and 2027 have been adjusted upward by UBS, indicating a projected increase of 20% and 40% respectively.
Simultaneously, Bernstein SocGen Group maintains an Outperform rating on Broadcom, citing potential AI revenue opportunities ranging from $60 billion to $90 billion by 2027. JPMorgan also maintains an Overweight rating on Broadcom, expecting the company's AI revenues to grow by 40% year-over-year in fiscal year 2025.
Goldman Sachs has reiterated its Buy rating on Broadcom, forecasting a substantial increase in the company's non-GAAP earnings per share for fiscal years 2026 and 2027. These recent developments underscore the growing impact of AI on both Nvidia and Broadcom's financial performance.
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