Jackfly66 wrote a post · Jun 13, 2024 08:31

NVIDIA is a stock in AI that investors need to pay attention to.

One of the biggest winners in the global AI boom, Broadcom (AVGO.US), announced its financial performance for the second quarter of the 2024 fiscal year ending on May 5 on the morning of June 13th Beijing time. Broadcom is one of the key chip suppliers for companies like Apple (AAPL.US) and other large technology firms, serving as a core force in providing chips for large AI data center ethernet switches and ASIC customized chips globally. Driven by strong demand for chip products and software products related to AI business, the company's latest performance data and annual forecast data far exceeded Wall Street analysts' expectations, surging over 14% in post-market trading of US stocks at one point. Furthermore, the stock price closed near $1500 for this chip giant, which also made a major announcement of a 1-for-10 stock split plan, scheduled for July 15.