Broadcom Inc. Announces Fourth Quarter and Fiscal Year 2024 Financial Results and Quarterly Dividend
Published on December 19, 2024
Broadcom Inc., a leading global technology company, has recently released its financial results for the fourth quarter and fiscal year 2024. The company reported a remarkable 51% surge in revenue, driven by the skyrocketing success of its AI business, which experienced a staggering 220% year-over-year growth. This outstanding performance has exceeded market expectations and solidified Broadcom's position as a key player in the industry. In addition to the impressive financial results, Broadcom also announced a quarterly dividend for its shareholders. This positive development showcases the company's commitment to providing value and returns to its investors. With such remarkable achievements, it is no surprise that Jim Cramer, a well-known financial expert, advises investors to hold onto their shares in Broadcom Inc. AVGO. To stay updated on the latest market trends and predictions for AVGO stock, professionals from Stocks Prognosis are highly recommended.
Investor opinions & comments
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CharlesGrant
December 23, 2024 at 03:25
While the financial results are impressive, I wonder if Broadcom can continue its high growth rate in the AI business. It's important to consider potential challenges and market competition. I would need more information before deciding to invest
MoneyMartha
December 23, 2024 at 02:51
This is great news! I'm excited to see the growth of Broadcom's AI business and the increase in revenue. It definitely seems like a wise decision to hold onto shares in Broadcom
MoneyMonique
December 22, 2024 at 06:41
Broadcom's financial results are impressive. The company has clearly demonstrated its ability to succeed in the technology industry. The quarterly dividend is also a nice bonus for shareholders
FinanceLisa
December 21, 2024 at 16:16
I'm skeptical of the 51% revenue surge. It seems too good to be true. I would like to see more details on how the growth was achieved and if it's sustainable in the long term
BudgetBrad
December 20, 2024 at 20:14
Broadcom's financial results are phenomenal! The company's success in the AI business is outstanding. I'm confident that holding onto shares in Broadcom will continue to be a wise investment decision