Broadcom is trading at a 'sharp discount' in chip sector: Analyst
The semiconductor sector remains in focus this week as Broadcom (AVGO) will report its third quarter earnings after the closing bell on Thursday. Bernstein senior analyst Stacy Rasgon joins Catalysts to break down his call on Broadcom and what investors will be looking for in the company's earnings report.
Rasgon has an Outperform rating on Broadcom, arguing that the company has "the second-best AI story in the space." He highlights how Broadcom designs chips for hyperscalers like Google (GOOG, GOOGL) and Meta (META), and believes that its AI guidance this year has been "reasonably conservative." However, Broadcom's core business has struggled this year, which Rasgon attributes to a cyclical low hitting the chip industry.
He points to Broadcom's software business, VMWare, as a catalyst for the company within the next year. "I think there's good upside on the software. Even if you just look more broadly, I would say it's got some of the best operating metrics, margins, and free cash, and everything else in the space by a mile. And it's still very inexpensive. It's at a pretty sharp discount to the broader semiconductor space.
For more expert insight and the latest market action, click here to watch this full episode of Catalysts.
This post was written by Melanie Riehl
相關影片推薦
- 1:51在地人才知道! 東港深夜食堂"生魚片平均一片8元"民視影音26,452 次觀看・2 天前
- 5:26揭!鍾小平:柯文哲收現金是習慣!早在10年前就學壞了!民視影音102,889 次觀看・19 小時前
- 1:45搶黃燈釀憾事!機車撞左轉廂型車 騎士不治TVBS新聞網影音323,940 次觀看・1 天前
- 1:58母女肉燥飯有家的味道 阿嬤醍醐味變生財工具東森新聞影音2,094 次觀看・2 天前
- 1:49買了牛排賣場''代客現煎" 竟排起人龍要"試吃"民視影音7,276 次觀看・20 小時前
- 4:06招了什麼?黃珊珊二度赴北檢約談!名嘴:沈慶京撐不住了?民視影音187,785 次觀看・1 天前
- 0:47轎車國道誇張逆向 擦撞不停多車急閃避東森新聞影音24,898 次觀看・1 天前
- 0:36陳時中爆美女餐敘!女醫師「當天也在場」發聲了民視影音16,955 次觀看・4 小時前
- 2:32為保護老公與兒子 醫師田知學無奈發「離家文」民視影音7,255 次觀看・3 年前
- 1:30桔梗颱風肆虐菲律賓 災情現場直擊 不到一個月四颱襲擊 天兔、萬宜持續威脅Yahoo奇摩(國際通)83,600 次觀看・1 天前
熱門必看
- 13:15【Super Junior-M復刻系列】台灣long stay之團員告別台灣 EP12Yahoo奇摩娛樂 電視影音68,902 次觀看・6 天前
- 14:07【Super Junior-M復刻系列】周覓xHenry 分享喜愛音樂和在台生活點滴照片 EP11Yahoo奇摩娛樂 電視影音40,241 次觀看・6 天前
- 9:03【Super Junior-M復刻系列】周覓xHenry 挑戰互換穿搭風格 EP10Yahoo奇摩娛樂 電視影音29,483 次觀看・6 天前
- 14:55【Super Junior-M復刻系列】晟敏x厲旭 晟敏教唱《可惜不是你》 EP09Yahoo奇摩娛樂 電視影音24,899 次觀看・6 天前
- 21:41【Super Junior-M復刻系列】晟敏x厲旭 厲旭教中文 EP08Yahoo奇摩娛樂 電視影音21,505 次觀看・6 天前