After the latest record run of Broadcom’s shares, investors are no longer sufficient for investors on Friday. The share price recently fell almost 5 percent on the US technology agency Nasdaq.
On Wednesday, the papers had set up a record with $ 265.43. Since the intermediate low in the early April, the titles have almost doubled.
With the view of the current quarter, Broadcom briefly exceeded the average market maintenance. The group assumes revenue of around $ 15.8 billion. However, there were also significantly more confident estimates among the experts, which were up to $ 1 billion higher. Broadcom belongs like Nvidia In the eyes of many investors to the great profiteers of the expansion of AI data centers.
The US bank JPmorgan increased its price for the Broadcom shares from 250 to $ 325 and left the classification to “Overweight”. The results of the business quarter ended in April were slightly better than expected and the signals for the current quarter are solid, wrote analyst Harlan Sur.
He emphasized the positive AI business and sees the company on a good way to achieve revenues of $ 19.5 billion in this area in the 2024/25 and more than 31 billion in the following year.
Course goals increased
Other analyst houses were mostly positive about the latest operational business and the other prospects of the Americans. The experts from Bernstein, Bank of America, increased German bank And UBS their price goals up to $ 300.
Broadcom is now worth more than a trillion dollar on the stock exchange, more precisely around 1.2 trillion (1.05 trillion euros). This means that the chip supplier for technology groups such as Apple and Google in terms of market capitalization now at the electric car manufacturer Tesla Past the seventh place of the most valuable US corporations.
However, in view of the expected course consolidation of Broadcom and the expected recovery of Tesla, this could turn back on Friday.