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BroadcomThe Motley Fool
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84% Informative
Semiconductor and infrastructure software maker Broadcom (NASDAQ: AVGO ) has returned 63% through Friday, Dec. 6 .
The stock has probably gotten a little boost from the company's 10 -for-1 stock split in July .
Broadcom designs and sells semiconductors, or "chips" and "infrastructure software" The chip segment's modest overall revenue growth of 5% year over year was due to weakness in the chip market.
Broadcom is slated to report its results for the fourth quarter of fiscal 2024, ended Nov. 3 , after the market close on Thursday, Dec. 12 .
Wall Street is expecting adjusted earnings per share to jump 26% year over year to $ 1.39 and revenue to surge 52% to $14.1 billion .
Broadcom's infrastructure software segment and its AI chip business have significant growth potential.
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