Broadcom (NASDAQ:AVGO) Stock Price Target

Apple Reportedly to Replace Broadcom Chips, Qualcomm Parts With Its Own Components

Apple (NASDAQ:AAPL) reportedly plans to replace Broadcom chips used in its devices with in-house designed parts in 2025, Bloomberg reported, citing unidentified people familiar with the matter. A combined Wi-Fi and Bluetooth chip would replace Broadcom’s parts, the report said. The company also targets to swap out electronics from Qualcomm Inc. after preparing its first cellular modem chip by the end of 2024, or early 2025, Bloomberg added. Apple is Broadcom’s largest customer and represented 20% of the chipmaker’s revenue in the last fiscal year, accounting for about $7 billion. Up to 22%, or $10 billion, of Qualcomm’s annual sales, are linked to Apple. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Broadcom (NASDAQ:AVGO) stock price trend forecast and trading range -2023.1.3

legume / January 3, 2023 / Technology / Broadcom

Broadcom (NASDAQ:AVGO) stock price trend forecast and trading range: 2023.1.3 From the stock price chart analysis, its support is $540,its resistance is $580.there is a well-established trading range between $548 and $559,the stop-loss price is $540,the short-term trading price target is $559,If the stock price bounces above $546, you can buy again,The trading strategy can be to sell high and buy low or to hold the shares until the share price reaches above the target price.if the stock price moves into below $540,next its resistance is $500 and its price maybe move into between $480 and $520.The probability of a medium-term and long-term decline in stock prices is high.From Analysis from financial statements, Revenue for the fourth quarter of fiscal 2022 was $8.93 billion, market estimate was $8.90 billion, YoY+20.56%, net profit was $3.311 billion, YoY+72.99%, EPS was $7.8104, YoY+75.96%. The market is worried about the demand for consumer electronic

Broadcom (NASDAQ:AVGO) stock price trend forecast and trading range -2023.1.3 Read Post »