) announced a 10-for-1 stock split scheduled for July 15th. The fabless semiconductor company headquartered in San Jose, California is following Nvidia’s lead. Since Nvidia’s own stock split took effect on June 10th, turning investors’ one share into 10 shares’ worth, NVDA stock is up nearly 9%., stock splits are becoming increasingly popular to lock in shareholders and attract new ones.
Before its acquisition by Broadcom, VMware ended the quarter with $977 million operating income and 81.20% gross margin, the lowest on record from the high of 86.90% in 2014. This reduction in profitability is mainly due to the cybersecurity’s competitive arena, presently spearheaded by CrowdStrike Holdings Inc revenue via subscriptions.
Per Nasdaq’s forecasting aggregation, AVGO stock is headed for an average price target of $1886.43 per share, which will be divided by 10 next month. At that point, Broadcom will be in the range of TSMC , currently priced at $178 per share. In the end, Broadcom’s dual market segments are forecasted to double in size. Fortune Business Insights puts cybersecurity market CAGR at 13.8% by 2030, while AI infrastructure market size is heading for a CAGR of 20.4% by 2032.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.