Broadcom Inc AVGO:NASDAQ

Last Price$477.84NASDAQ Previous Close - Last Trade as of 4:00PM ET 7/01/22
NASDAQ 15-minute delayed Bid/Ask Quotes
Today's Change0(0.00%)
Bid (Size)$476.70 (1)
Ask (Size)$478.30 (1)
Day Low / HighN/A - N/A
Volume2.1 M

Nvidia, Broadcom, Marvell Technology, Monolithic Top Semiconductor Picks for Q1 But Broader Concerns Remain, Oppenheimer Says

12:51PM ET 4/12/2022 MT Newswires
Nvidia (NVDA), Broadcom (AVGO), Marvell Technology (MRVL) and Monolithic Power Systems (MPWR) were picked as top semiconductor stocks by Oppenheimer, which said it expects most companies to report modest growth for Q1 amid increasing cyclical and macroeconomic concerns.

Oppenheimer Analysts Rick Schafer and Wei Mok said in a note emailed Tuesday that lead times and supply in Asia appear to be improving, while power management integrated circuits continue to be a "notable component bottleneck."

According to the analysts PC, handset and TV markets are likely to be flat or down this year, while geopolitical conflict and new COVID-triggered shutdowns in China are affecting auto manufacturing, all of which could weigh up on semiconductor stocks.

"We are stock-selective, favoring companies gaining content/share in core growth verticals DC/cloud, 5G, and Auto," they said.

Price: 61.18, Change: +0.45, Percent Change: +0.74