NVDA Earnings Raised Bar for AVGO, Stock Valuation Brings it Back Down
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Broadcom (AVGO) faces one obvious headwind in having Nvidia (NVDA) as a main competitor, says Vance Howard, though he's "cautiously optimistic" in its growth story. He says the bullishness depends on the call with leadership and expectations for custom AI chip revenue outlook. Mike Binger adds that there's opportunity for Broadcom due to the stock's valuation compression while still bolstering impressive earnings growth. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore Watch on DistroTV - https://www.distro.tv/live/schwab-network/ Follow us on
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