“3 Stocks to Buy & (3 Stocks to Sell) Before October Ends”
AVGO's current price exceeds its calculated average intrinsic value; it is not a strong buy.
The first stock on Forbes' buy list is Broadcom, a chip and software giant that has become a true behemoth in the field of artificial intelligence. In the last quarter, its revenue jumped by 86%, and sales of AI chips alone exploded by 221% to reach $16.7 billion.
Management expects more in the next quarter, around $21.7 billion.