Broadcom's stocks rise by 21%, reaching a Market Cap of 1 trillion dollars, expected demand in AI Semiconductors.
December 14, 2024 12:38 AM GMT+9
- On the 13th, Broadcom, a leading US semiconductor company, surged by 21% in the stock market, reaching a Market Cap of 1 trillion dollars. The increase is fueled by expectations of growing demand for AI custom semiconductors and network-related products from cloud providers expanding AI infrastructure.
The revenue forecast for the first quarter (November-January) announced by the company on the 12th exceeded market expectations. Learn more.
Major high-tech companies are trying to reduce their dependency on NVIDIA's AI semiconductors, which are expensive and in short supply, benefiting Broadcom, which specializes in advanced custom semiconductors.
Investors consider the company's stocks cheaper than those of competitors and are buying them. According to data compiled by LSEG, Broadcom's 12-month forecast price-earnings ratio (PER) is 29.8, while NVIDIA's is 31.03.
The revenue forecast for the first quarter (November-January) announced by the company on the 12th exceeded market expectations. Learn more.
Major high-tech companies are trying to reduce their dependency on NVIDIA's AI semiconductors, which are expensive and in short supply, benefiting Broadcom, which specializes in advanced custom semiconductors.
Investors consider the company's stocks cheaper than those of competitors and are buying them. According to data compiled by LSEG, Broadcom's 12-month forecast price-earnings ratio (PER) is 29.8, while NVIDIA's is 31.03.
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